It seems one governor is channeling his inner Bernie Sanders.
Since the federal and state governments have gotten involved in university and college, the cost of post-secondary education has skyrocketed. The average student graduates school with $40,000 in debt; it is estimated that student loan debt will reach $17 trillion by the year 2030.
This is all because politicians are on a crusade to make college more affordable. The irony is that it has been quite the opposite. But this evidence hasn’t stopped one governor from wanting to offer free tuition for public universities.
Reportedly, New York Governor Andrew Cuomo is interested in driving up the cost of college tuition by proposing free tuition at public state and city colleges to any student whose parents earn less than $125,000. This means that as many as one million families would be eligible for the program.
The one big detail – how the initiative would be paid for – was not revealed by the governor’s office.
Independent calculations suggest that it will cost New York taxpayers nearly $200 million by the time the program would be fully implemented within the next two years.
Of course, the idea of free tuition isn’t really genuine because nothing is free. You can’t tell that to millennials, though, because they believe everything can be free for everyone as long as the one percent pay their fair share…
Sigh…
Leave a Comment