under our current systems
https://origin-nyi.thehill.com/blog...ee-tuition-plan-will-make-student-loan-crisis
New York Governor Andrew Cuomo unveiled a plan last week to provide for free tuition for people taking undergraduate courses at both the state universities (SUNY) and city universities (CUNY) in New York. He unveiled the proposal alongside Vermont Sen. Bernie Sanders, who hailed it as "revolutionary."
Unfortunately, the plan isn't revolutionary. In fact, it isn't even good.
The plan, dubbed the "Exelsior Scholarship" is similar to schemes proposed by both Sanders and Hillary Clinton. It creates a new pot of money for the colleges to draw from, and apply it to tuition charges.
This in itself, would be a good thing for students if all else were equal, but the fact of the matter is that colleges are very good at using public funds such as this without passing the benefit on to students.
They can, and certainly will, raise the prices of their other billable items to make up for any decrease in tuition charges.
A good, recent example of this phenomenon occurred in 2009 when the Ensuring Continued Access to Student Loans Act of 2009 (ECASLA) increased aggregate and unsubsidized Stafford loan limits for undergraduate students.
Despite the fact that the country was in a serious recession, colleges across the nation began increasing their prices at record levels, and student loan borrowing accelerated at a rate never before seen in this nation...See link for the rest.
https://origin-nyi.thehill.com/blog...ee-tuition-plan-will-make-student-loan-crisis
New York Governor Andrew Cuomo unveiled a plan last week to provide for free tuition for people taking undergraduate courses at both the state universities (SUNY) and city universities (CUNY) in New York. He unveiled the proposal alongside Vermont Sen. Bernie Sanders, who hailed it as "revolutionary."
Unfortunately, the plan isn't revolutionary. In fact, it isn't even good.
The plan, dubbed the "Exelsior Scholarship" is similar to schemes proposed by both Sanders and Hillary Clinton. It creates a new pot of money for the colleges to draw from, and apply it to tuition charges.
This in itself, would be a good thing for students if all else were equal, but the fact of the matter is that colleges are very good at using public funds such as this without passing the benefit on to students.
They can, and certainly will, raise the prices of their other billable items to make up for any decrease in tuition charges.
A good, recent example of this phenomenon occurred in 2009 when the Ensuring Continued Access to Student Loans Act of 2009 (ECASLA) increased aggregate and unsubsidized Stafford loan limits for undergraduate students.
Despite the fact that the country was in a serious recession, colleges across the nation began increasing their prices at record levels, and student loan borrowing accelerated at a rate never before seen in this nation...See link for the rest.
