Adding Fuel to the Fire
WASHINGTON, D.C.,
July 21, 2016
College affordability is increasingly on the minds of more and more Americans—particularly with students preparing to head off to college and a national election on the horizon. Unfortunately, as college costs continue to rise, one “solution” being discussed would only add fuel to the fire.
According to research from the American Action Forum, expansions in federal tuition subsidies have been the “driving force behind tuition increases.” Still, former Secretary of State Hillary Clinton is touting a plan that would expand college subsidies even more. What is it they call repeating the same thing and expecting different results? Under Secretary Clinton’s proposal, taxpayers would foot the bill for a student to go to college if his or her family has an income of up to $125,000. Not surprisingly, the misguided plan is causing concern. As the New York Times reports: Hillary Clinton’s plan to allow most Americans to attend public universities at no cost could have the perverse effect of driving tuition higher as the federal government chased a tuition target that universities would simply raise at taxpayers’ expense, some experts warn. The saddest part of this is that the millennial voters Mrs. Clinton is trying to bribe don’t seem to realize they’ll pay for free college for the rest of their lives … The politicians will have to raise taxes, and probably severely, on millennials as they reach their peak earning years. Mrs. Clinton’s proposal amounts to a giant national student loan to be repaid with future taxes.
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