CDZ How Does Sanders Plan to Pay for Free College Education?

Discussion in 'Clean Debate Zone' started by JimBowie1958, Apr 3, 2016.

  1. JimBowie1958
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    JimBowie1958 Old Fogey

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    Some useful data from here.

    Bernie Sanders on Education

    http://www.nytimes.com/2004/02/04/nyregion/across-europe-an-outcry-over-paying-for-college.html

    This Country Just Abolished College Tuition Fees

    England Student Debt Unprecedented as Government Shifts Funding
    Statements by Sanders onhow he plans to pay for this free education.

    My proposal is to put a speculation tax on wall street, raise very substantial sums of money, not only make public colleges and universities tuition-free, but also substantially lower interest rates on student debt. You have families out there paying 6 percent, 8 percent, 10 percent on student debt, refinance their homes at 3 percent.
    .....
    SANDERS: No, it is an extraordinary investment for this country. Germany & many other countries do it already. This is revolutionary for education in America. It will give hope to millions of young people.

    Q: And you want to have the states pay for about 1/3 of this $70 billion plan, correct?

    SANDERS: Yes. Bottom line here is, in the year 2015, we should look at a college degree the same way we looked at a high school degree 50 or 60 years ago. If you want to make it into the middle class, the bottom line now, is in America, in the year 2015, any person who has the ability and the desire should be able to get an education, college education, regardless of the income of his or her family. And we must substantially lower, as my legislation does, interest rates on student debt.

    .....

    On Education: Two years free tuition at state colleges. Reform student loans.

    Sanders would provide $18 billion to state governments to allow them to cut tuition at state colleges by 55 percent. And he would allow anyone paying off a student loan currently to refinance at a lower rate.

    .....

    So the best I can find so far is that Sanders wants to:
    1. Give federal money, not much really, $18 billion to states to cut state tuitions in half.
    2. Impose a 'Speculation Tax' on Wall Street. Dont see a problem with taking some whore and blow money away from these scoundrels.
    3. Lower interest rates on existing student loans.

    Not sure if he plans to make private colleges and Universities also free tuition or not.

    We I putting this plan together, I would only offer free tuition for those who first went to a community college and then to a state college. For those who went to a state university for the full 4 years, I think I would offer then a package of grants, student work and interest free loans that allowed them to attend the school. This would give schools in the private sector an incentive to reduce costs to lure more students.

    I would also ban the expenditure of any state run universities and colleges from major college sports programs, capping it in some fashion.

    We need to return our colleges to first educating Americans and to not being profit driven.

    Has anyone else obtained any other details of how Sanders plans to fund his free college idea?
     
  2. Agit8r
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    Agit8r Gold Member

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    Probably Pell Grants would become unnecessary. There is another $30+ billion freed up.
     
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  3. Martin Eden Mercury
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    Martin Eden Mercury VIP Member Op-ed Contributor

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    Informed sources have told me that Sanders is going to pay for it all by taxing the heck out of the 3 or 5 members at usmb who happen to be in the top 1/10 of 1% :eusa_doh:
     
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  4. iamwhatiseem
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    iamwhatiseem Gold Member

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    How could it be paid for??
    That's easy....just take one month worth of corporate welfare that this administrations gave out - and you could pay for everyone's college for a whole year.
    So which is worse? Taking your money and giving it to Wall Street and big business...or to students?
     
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  5. Alystyr
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    Alystyr VIP Member

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    Sanders does present some good points. Tuition has become ridiculous, and something does need to be done to bring it back in line.
    However, I don't believe that everything should be "free" education-wise after high school. With high school being effectively free, and everyone having the opportunity to obtain a H.S. Diploma, the inherent value of said diploma (to both employers and graduates) has decreased. The same could eventually happen if college degrees were made as readily available - employers would start requiring Masters and Doctorate degrees from applicants instead of being satisfied with Associate and Bachelor degrees.
    I wouldn't have a problem, though, with trade schools being free, and I'd possibly accept community colleges being free as well. Both of these institution types provide tangible, marketable skills and generally aren't as profit-oriented as major colleges and universities.
     
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  6. OldLady
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    OldLady Gold Member

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    Does anyone remember when doing a hitch with VISTA repaid some of your college loans? I think they still have some programs similar, since in our extremely under-served area, a lot of doctors come for two years and then high-tail it out. Paying back student loans, they say.
    It kills two birds with one stone, instead of leeching off the rich. Maybe it couldn't work all by itself but I think it would be a good option if it were seriously expanded. We've got plenty of under-staffed programs all over this country that could use extra help.
     
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  7. iamwhatiseem
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    iamwhatiseem Gold Member

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    That is already happening.
    As usual, when the government gets involved - it f*cks everything up.
    And the U.S. government has significantly diluted the value of a degree, as well as damn near ended the value of trade schools.
     
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  8. OldLady
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    OldLady Gold Member

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    New York State's BOCES program allows students to leave high school ready to be employed in a trade at entry level. A lot of kids aren't academically inclined and it's all we can do to get them to sit their asses through 12 years of book work. Good vocational programs that actually prepare kids for employment would help in a lot of ways.
     
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  9. iamwhatiseem
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    iamwhatiseem Gold Member

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    See my post above yours.
     
  10. Fishlore
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    Fishlore Silver Member

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    Before VISTA there was NDEA student loans which could be paid back at 10% a year for teachng in an underserved area or specialty. It worked very well.
     
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