Bernie Sanders: A Plan For College Tuition Free?

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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 …show more content…
First, it saves money for middle class and lower class parents. Without the burden of paying great amount of college tuitions for three or four kids, parents are able to live with less pressure and worries, and the money they saved can offer them a life with higher quality. Second, students don’t need to do part-time job to afford college so that there is less distraction from study. The students who are good at time management could handle their job and study at the same time but others could not. In addition, more children can go to college if there is no or little the tuition. In this way, the educational level increases and will be undoubtedly good for the high-tech industries and economy of a country. Getting higher education can help resolve social issue including sexism and racism as well. According to a study in Contemporary Economic Policy, women with two-year associate degrees earn 46% more than high school graduates. Even those who did not finish their degrees in community colleges can earn 5-10% more than high school graduates. Getting higher education can become the game changer of equal rights movement for women since they are better-educated and have more economic power than before. Free college plan also has a big impact on the issue of racism, and the structure of class in the U.S. can be changed. Since all of the public institutions become free to students, …show more content…
If public colleges are free of charge, then the costs of colleges are mainly depend on federal funds. However, there are limited amount of federal funds given by the government to these public institutions, and this will lead to the problem of limited admission in public colleges. Because public colleges can admit less students due to financial reasons, the competition to go to public college will be even more intense. Both lower and upper class students are fighting for a spot in public colleges, while upper class students who have better K-12 education would have a better chance of being admitted. Even if upper class students does not get admit by public colleges, they still have financial support from their families to pay for their private school education. On the other hand, middle or lower class students have nowhere to go except borrowing a student loan with high interest rates in order to get access to higher education. The purpose of the free college plan is to avoid students carrying thousands of dollars loan to go into the society, while this situation is still repeating under the free college plan. The outcome of free college plan is that the public is subsidizing rich people to go to public colleges, while enrollment rate for lower class students are reaching a new

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