President Barack Obama said at a 2012 campaign rally in Las Vegas that federal aid should go to schools working to keep tuition affordable. He doubled down on this during his 2013 State of the Union address and later that year at a rally in Buffalo, N.Y.

When we last checked on this promise, Obama was attempting to implement his college rating system. We noted, however, that this promise relied on the renewal of the Higher Education Act, with a provision added to account for this ranking system.

The Higher Education Act expired at the end of 2013, as its renewal did not move past initial hearings. The last time this happened, it took five years to reauthorize the act after it expired.

The Obama administration did create Gainful Employment regulations for career colleges to ensure students graduating from these institutions were making enough money to repay their student loans. If a graduate from one of these programs is paying more than 20 percent of their discretionary income towards student loans, the regulations state that the institution has not adequately prepared them for gainful employment. Programs that don't qualify risk losing their federal aid.  While this is a step in the right direction, it only applies to for-profit career training programs, not public and private institutions.

Obama's college scorecard was created this year, which takes into account college costs when ranking schools. But there's no regulation on lowering aid for more expensive colleges and universities. And there is no policy moving in this direction currently, because Congress does not seem interested in picking it up again, said Stephen Burd, a senior policy analyst in education at the New America Foundation.

With no other evidence of progress, we rate this Promise Broken.