Free College Tuition Profit Analysis

Free College Tuition Compromise As the United States seeks to become the world’s leader in higher education once again, the government has increased its emphasis on obtaining college degrees. Only thirty percent of adults in the United States have a bachelor’s degree or higher, which suggests the majority of Americans are not prepared for success in the workplace (NY Times). This small percentage is partially due to astronomical tuition rates. Over the last thirty years, college tuition rates have risen by 146 percent for private four-year institutions and 150 percent for public four-year institutions. The average cost of tuition for the 2014-2015 school year was $9,139 for in-state residents at public four-year institutions, $32,231 at private
In this act, Sanders suggests the elimination of undergraduate tuition in both two-year and four-year public institutions. Public colleges receive a total of nearly 70 billion dollars each year in tuition to present the students with a variety of resources and administrators each year. Without this funding, colleges would not be able to function. To make up for the lost funds in tuition, the legislation would impose a Robin Hood tax on Wall Street to obtain 45 billion dollars for higher education, and the states would cover the other 33 percent of the cost through a tax of their choosing. The individual state would receive the federal funds and would be responsible for the spending on higher education. To protect students and ensure the quality of the education, students and states must meet certain federal requirements to qualify. Under the College for All Act, the price of college would plummet without significant destruction of higher education institutions from lack of funds. In fact, after colleges eliminate tuition, Sanders plans to increase the federal grants to the colleges to expand academic courses and increase the number of instructional faculties. Sanders’ plan would emphasize the importance of education while decreasing college tuition to make higher education more
Since Americans generally use free services, college would not be an exception. Without high tuition, a lack of financial support would not prevent students with low-income backgrounds from attending and graduating college and would attract students that normally would not dream of going to college. The opportunities for affordable higher education would provide equal opportunities forgrea all social classes. College degrees would become more common to all Americans since the schooling would be more available. Also, unlike the Tennessee Promise, higher education would be more available to adults already in the workforce. The Tennessee Promise is a scholarship that provides free community college for newly graduated Tennessean high school students; however, adults wanting to complete college may not apply for the scholarship. Sanders’ plan allows adults to return to college for a free undergraduate degree to provide a more educated workforce to succeed in their fields and extends larger opportunities for Americans working in low-level jobs. By offering education to all social classes, they would have equal opportunities to the teaching that could potentially raise their economic