Let Private Colleges Augment Federal AidAugust 18, 2016 | :
by Robert G. Duffett
Hillary Clinton recently unveiled her New College Compact. The goal is college affordability by ensuring free tuition at four-year public colleges for every student from families earning $85,000 a year or less. The family income cap would rise to $125,000 by the year 2021.
The compact would primarily be funded by the federal government through “new money” appropriations from yet unidentified tax-benefit limitations on high-income taxpayers. State governments, universities, and parents would also be required to contribute.