Posted on 03/13/2017 11:21:08 AM PDT by Oldeconomybuyer
Seizing on growing concerns over college affordability, California lawmakers are poised to propose what would be the most generous college aid plan in the nation, covering not just tuition but also living expenses that have led to spiraling student debt.
“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), who is spearheading the plan. “The cost of living, the books, the transportation — that’s [what] we really need to tackle.”
Under the new plan, students still would have access to existing financial aid, including federal Pell Grants. Parents making more than $60,000 would be expected to make a contribution, and students also would be expected to chip in by holding part-time jobs year-round.
The new scholarship would cover the rest of the average annual cost of college, which is around $21,000 at Cal State and $33,000 at UC.
Fully implemented, the new aid program would cost around $1.6 billion per year, although proponents expect that price tag would come down as the state minimum wage increased and students earned more in their jobs. Assembly Democrats are proposing phasing in the new scholarships over five years, with an initial cost of $320 million and an additional $100 million for the community college provisions.
The total cost is far less than the $3.3-billion price tag the Legislative Analyst’s Office estimated for fully debt-free college.
(Excerpt) Read more at latimes.com ...
...AND A LOT OF ABSOLUTELY USELESS DEGREES!
Yeah! I want people handling my food who are being FORCED to work. You bet!
California even manages to make Maryland look good. And THAT takes some doing.
LOL!
Where have I heard that before???
lol. I don’t know enough about Maryland to comment but I assume from your statement it leans left.
-PJ
Because that's what always happens with government programs, right?
Except that additional money in the pot will change eligibility for federal money...
Democrats doing what democrats do. Despite a huge deficit, the Calif Dems are adding another deficit adding program to their budget to provide another give-away program. If you ran your house budget like these idiot democrats, you’d be constantly declaring bankruptcy, in jail or living on the street. Yet, this is the Democrat mentality.
And since recent surveys have shown 1/3 of college students finance their spring breaks with financial aid money they can help sell this plan by pointing out it will be a economic boon for all the spring break hotspots.
According to Pew, it is $1.3 TRILLION Dollars the State owes
“I love reading about CA. It make me feel better about living in NY :)”
If NY is such a veritable paradise, why are people moving out at such rapid rate?
The more that leave, the bigger your tax bill is going to have to be in order to support the Leftist Loons who run your state. At least, for the time being, California has a growing economy. Not so for NY. Your state lost about 70,000 people in 2016 while CA grew by nearly 300,000. If you live in a glass house, you shouldn’t be throwing rocks.
the average annual cost of college, which is around $21,000 at Cal State and $33,000 at UC.
And 2/3rds come out with Half the Education we got for FREE in the 60’s and 70’s in 10th Grade. But that Degree in Lesbian Dance Theory looks good on the Wall.
It comes out of the air, like everything else about this phony state set-up.
Deport the UnitedNazis
Yankees moving south. Looking to kill Dixie yet.
I am not sure if they are lying. Maybe they are to dumb to count numbers higher than 10.
“Yankees moving south. Looking to kill Dixie yet.”
Or New York City Jews going to Florida to vote twice in every election.
See, with other businesses, they force and demand them to lower their prices.
Not with their libtard education comrades. Who have been jacking up costs well above regular inflation in all other areas of life.
What a g-d commie union racket. The kickbacks must be sweet.
And an economic boon for all the Planned Abortionhood clinics located in the spring break hotspots...
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