Salud Carbajal on Education

Lower interest rates for government-backed student loans

Make two years of community college free.

Excerpts from press release from Tammy Baldwin, Senate sponsor: The America's College Promise Act makes two years of community college free by:

• Providing a federal match of $3 for every $1 invested by the state to waive community college tuition and fees for eligible students;
• Ensuring that programs offer academic credits which are fully transferable to four-year institutions in their state;
• Establishing a new grant program to provide pathways to success at minority-serving institutions by helping them cover a significant portion of tuition and fees for the first two years of attendance for low-income students.

Opposing argument: (Cato Institute, "College Courtesy of the Taxpayer? No Thanks," Jan. 9, 2015): One look at either community college outcomes or labor market outlooks reveals free college to be educational folly. Community college completion rates are atrocious: a mere 19.5% of community college students complete their programs. Meanwhile, the for-profit sector has an almost 63% completion rate. And [about 70%] of the new job categories in coming years will require a high school diploma or less.

Opposing argument: (Heritage Foundation, "Free Community College Is a Bad Deal", July 15, 2016): Free college proposals would subject community colleges to the same types of subsidies-induced inflation endemic at four-year institutions. And low-income students already have access to federal Pell Grants, which can cover the bulk of community college tuition. By contrast, a more open market of alternative schooling models, such as online or vocational education programs, could better tailor degrees at a lower cost.