UPDATE: Obama to Propose New System for Rating Colleges

WASHINGTON (AP) -- President Barack Obama is unveiling a sweeping new plan today to rate colleges based on affordability.

The president sets off on a two-day bus tour, visiting high schools and colleges in New York and Pennsylvania.

And this morning he stops by the University of Buffalo. Obama wants the ratings system to be implemented before the 2015 school year, and to be linked to federal financial aid.

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