HIGHER EDUCATION BUBBLE UPDATE: Fla. Unveils Rating System for Its Universities Based on Cost, Number of Pell Grants, Graduates’ Earnings. “Under a new rating system for Florida’s state universities, schools must meet the state’s definition of an excellent school to earn state funding. The benchmarks set by the Florida State University System’s Board of Governors will influence who gets into the school (Pell Grant students are favored) and what subjects students study (STEM degrees encouraged).”