Would free college help the economy?
Free College Is Not Directly Linked to Economic Growth Since the provision of free college could affect the quality of education, free access for all to postsecondary education might not be able to provide the competencies and skills needed to produce a strong workforce.
What does free college really mean?
“Free college” really means free tuition. Students would still have to pay for room and board, along with other costs of attendance such as transportation, books and supplies. Tuition-free and student loan debt-free attendance at four year public colleges for any students whose family earns under $125,000 annually.
How can we make college free?
How to attend college for free
- Apply for grants and scholarships.
- Serve your country.
- Work for the school.
- Waive your costs.
- Have your employer pick up the costs.
- Be in demand.
- Attend a work college.
- Choose a school that pays you.
What would happen if we made college free?
If higher education at public schools becomes free, it might appear to devalue a college degree. It might also lead to students cutting more classes or not trying because they don’t have to “get their money’s worth” when they aren’t paying for anything.
How does free college benefit society?
Free College Would Decrease Inequality Students who choose to pursue college eventually graduate with an average of $32,731 in debt (Friedman, 2020). Students from low-income families are usually held back by the possibility of incurring huge amounts of debt, and opt not to pursue college.
What is the quality of free education?
Rather than make college free for all, those funds should be spent to offset these non-tuition costs for the poorest students through expanded Pell Grants, the federal need-based grant program. For those worried about the growing burden of student debt, a subtle change in that same program could be a game-changer.
How would free college affect the economy?
Free College Would Drive Economic Growth The increase in post-secondary education is the key that propels economic development of nations (Deming, 2019). As college students graduate without debt, this would give them the ability to earn, save and spend immediately, which could stimulate the economy.