And the grand total is… $62.6 billion...
Technically, you could say the additional cost of making college tuition free would be even cheaper than $62.6 billion. How come? Because most Pell Grant money is already spent at public colleges. In 2011 - 2012, state school students received $21.8 billion in grants. So, if you subtract that from the total needed to completely eliminate tuition, it the sum would be closer to $40 billion.The Atlantic
Here's Exactly How Much the Government Would Have to Spend to Make Public College Tuition-Free
Jordan Weissmann
2 comments:
For the cost of a couple dozen F-22's, we could make a debt-free college education a reality for millions. Chance of this happening...0.1%.
Even Elizabeth Warren only supports lowering the interest rate charged on student loans, not actually ending the debt-for-degree status quo.
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