California Political Review: California Democrats are making a push to offset the cost of higher education, releasing a sweeping plan to increase student aid that would be perhaps the most favorable in the nation for students – but one that may be unfavorable for the taxpayer.
“Lower-income students … are able to many times, through our great programs in California, get help to pay for tuition. But they’re still graduating with a tremendous amount of debt,” said Assemblyman Kevin McCarty, D-Sacramento.
The plan, unveiled earlier this month, would cover not just tuition but living expenses as well, making it different from other similar proposals in states like New York.
“California is taking the boldest step in the nation for making college debt-free,” Assembly Speaker Anthony Rendon, D-Paramount, said in a recent press conference.
The cost for the program would come at a price tag of $1.6 billion per year, phased in over five years, and would be paid for using money from the state’s General Fund, lawmakers say. more here