Posted February 3, 2016 11:58 am by Comments

By Ammoland

Sorry, Bernie: Tuition Free ≠ Debt Free

by Kyle Jorstad

Sorry, Bernie: Tuition Free ≠ Debt Free
The Center For Vision & Values
The Center For Vision & Values

Pennsylvania – -(Ammoland.com)- With the 2016 New Hampshire Democratic Primary just around the corner and scores of college-aged voters up for grabs, affordable public college education has become a key selling point for Bernie Sanders.

The Sanders plan to “Make College Tuition-Free and Debt-Free” proposes offering free tuition at public colleges and universities, lowering interest rates on current and future student loans, meeting 100 percent of low-income students’ financial needs, and tripling the federal work-study program.

As with most government handouts, the Sanders plan will likely cost more and deliver less than it promises.

Let’s start with the cost estimates for free public higher education. Virtually every advocate of free tuition references an article in The Atlantic from January 2014, which estimates the cost at roughly $62.6 billion. Sanders, factoring in his additional proposals, predicts closer to $75 billion. Two-thirds of his plan would be federally funded via new taxes on Wall Street speculators, with states contributing the remainder.

The problem with these calculations is that they are based on static projections for tuition …Read the Rest

Source:: AmmoLand

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