Free college benefits the rich | IN 60 SECONDS
The idea of free college got a lot of attention during the 2016 election. Now, it sounds pretty progressive, but what many people don’t know is that students from rich families are the ones who stand to benefit the most. Consider what happened when Oregon passed a free community college program. The average poor student got just six hundred dollars out of the program, but the average rich student got nearly twenty-five hundred dollars. That’s right –
rich students got four times as much money as poor students out of free community college. Now, the reason for this is that we already have lots of programs to help lower-income students afford college. For instance, the Pell Grant program gives students from poor families up to fifty-eight hundred dollars to help them pay for college. That’s enough to pay tuition and then some at many community colleges. That means poor students pay much less tuition than rich students, once you factor in financial aid. It’s no surprise that when you get rid of tuition rich students are the big winners. Don’t you think we could spend that money better somewhere else? To learn more about my take on free college, check out the links in the description below. Also, let us know what other topics you want a AEI scholars to cover in 60 seconds.