So says the president of the Association of Public and Land-grant Universities. They’re less than thrilled with Obama’s college ratings plan.

Michael Stratford of Inside Higher Ed reports.

Public universities propose alternative to Obama ratings plan

The Association of Public and Land-grant Universities on Wednesday took issue with certain parts of the Obama administration’s proposed college ratings system — but recommended an alternative approach that embraces some of its key principles, including linking colleges’ performance to how much student aid money they receive.

While praising the goals of the Obama administration’s rating system, the group’s president, Peter McPherson, said in a letter to Education Secretary Arne Duncan that the ratings system would produce “misleading information and perhaps create perverse incentives.”

Instead of developing ratings, McPherson said, the Education Department should expand the types of information it provides to consumers on its College Scorecard. He suggested four key metrics: graduation rates (as measured by the voluntary system that APLU developed with other higher education groups rather than the current federal data that captures only full-time students attending college for the first time); loan repayment and default rates; average net price by income; and the rate at which graduates are employed or pursue advanced degrees.

The APLU also said it supports linking colleges’ performance in three of those four areas–graduation rates, loan repayment and default rates, and employment/enrollment in advanced education–to how much federal student aid money they can receive. (An earlier version of this paragraph incorrectly stated that the APLU supported tying federal student aid to all four metrics; in fact, it does not support using the average net price figure for such purpose.)