Essay on A Proposal For College Tuition Free

1508 Words May 13th, 2016 null Page
During the presidential campaign, Democratic candidate Bernie Sanders purposes a plan for college tuition free. He suggests that public colleges and universities in the United States should be charge free. The federal government has made over $110 billion dollars through student loan, so Senator Sander suggests that the government should cut the interest rate of student loan from 4.29% to just 2.37%. In current economy, the interest rate of auto-loan is 2.5% on average, so students should not pay more interest rate for their education that lasts for decades. In order to execute the plan, the federal government needs to pay $75 billion dollars a year to cover all the costs. With this huge amount of federal budget, Senator Sanders suggests that all these money will come from a portion of the tax from the Wall Street speculators.
There are 7 countries in the world currently have free college policies including Germany, Brazil, France, Finland, Sweden, Norway and Slovenia. Local and international students in most cases do not need to pay for the tuition or need to pay very little amount of registration fee to the college. For example, Germany has one of the most inclusive debt-free college programs, offering free college to local students and foreign students as well. Beside the countries with free college policies, on average, colleges in Europe charges less than $2,225 a year. While in the United States, according to College Board, public in-state colleges cost on average…

Related Documents