Many Americans see college as a necessity if they want a career that allows them to buy a home, support a family and acquire other trappings of what’s been defined as the American Dream.
But higher education doesn’t come cheap.
For students attending a public four-year college in their home state, tuition and fees currently average $10,440, according to the Urban Institute.
Now, several presidential candidates are proposing that many Americans should be able to attend school for free.
Biden and community college tuition
Former Vice President Joe Biden says students will be able to attend a community college for up to two years without paying tuition. A partnership between the federal government and the states would cover the costs.
He would also double the top value of Pell Grants, which is $6,195 for the current school year. That aid helps lower-income students pay college tuition, and Biden would expand that assistance to more middle-class students.
Klobuchar wants 529s for retraining
Sen. Amy Klobuchar of Minnesota has a similar plan. Community college and technical certifications would be tuition-free, paid for by a federal match of $3 for every $1 a state pays for students going to school at least part-time in their home state.
She would also ease the path for older students, and those already in the workforce who want to be retrained for a new career. She’d push legislation that enables those groups to use “529” savings plans as well as Coverdell education accounts that similarly allow tax-free contributions for college and in some cases, K-12 education, to cover their costs.
Like Biden, Klobuchar would double the top Pell Grant to $12,000 a year. And families with annual incomes of up to $100,000 annually would become eligible for such aid.
For the full article click here: https://www.usatoday.com/story/money/2020/02/24/election-2020-how-democrats-could-shape-college-education-costs/4835313002/
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