Letter grades for K-12 schools…Higher Ed, also?

I know a majority of my friends aren’t too interested in K-12 matters, but I’m just curious what you all think about this proposal from Governor Bob McDonnell? I think it’s a fantastic idea, personally. But, of course, I love to hear from other opinion bases.

Richmond Times Dispatch – McDonnell proposes letter grades for schools

One thing I’m not so sure of – do you all think this would work in Higher Education?  Would a state-based ranking give more prestige to certain schools, or do the national rankings like those from US News and World Report carry more weight?

If you’re interested in more content like this, I encourage you to sign up for what used to be known as the Whipple Report. It’s a daily email that just clips some big, more important headlines and stories about Virginia government and politics and is produced by the Virginia Public Access Project. I’ve been reading it in more detail then usual as I prepare for Hokie Day in January in Richmond!