The True Costs of New York’s ‘Free College’ Program

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On Friday, New York decided to become the first state to offer four years of tuition-free public college to its residents.

Starting in the fall of 2017, any student from a family who is making less than $100,000 annually can qualify for free tuition, under certain conditions, such as a requirement to maintain a minimum grade point average and commit to living and working in New York for four years after graduation.

Like all tuition-free proposals, this policy kicks the can down the road, leaving taxpayers and future generations with the bill.

As Education Secretary Betsy DeVos aptly reminded Sen. Bernie Sanders, I-Vt., during her confirmation hearing, “There’s nothing in life that’s truly free.”

Indeed, offering free college to students means that someone else is now paying for it: New York taxpayers, many of whom do not hold bachelor’s degrees themselves and will likely earn less in the future than their college-going counterparts for whom they are now footing the bill.

Recent history has shown that removing any financial responsibility from the student to pay for their degree does more harm than good. Economists have found that virtually unrestricted access to federal student aid encourages colleges and universities to raise their tuition prices.

Read more at The Daily Signal

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