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California Democrats will unveil a sweeping financial aid plan to help students avoid debt
Los Angeles Times ^ | March 13, 2017 | by Melanie Mason

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 ...


TOPICS: Business/Economy; Culture/Society; News/Current Events; US: California
KEYWORDS: college; freestuff; socialism; university
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"The more the plans fail, the more the planners plan".

-Ronald Reagan

1 posted on 03/13/2017 11:21:08 AM PDT by Oldeconomybuyer
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To: Oldeconomybuyer

If I were stupid enough to be living there anymore, I would be moving quickly on that announcement. 8>P


2 posted on 03/13/2017 11:22:28 AM PDT by Robert DeLong
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To: Oldeconomybuyer

Liars figure and figures lie.


3 posted on 03/13/2017 11:26:51 AM PDT by I Drive Too Fast
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To: Oldeconomybuyer

I love reading about CA. It make me feel better about living in NY :)


4 posted on 03/13/2017 11:26:57 AM PDT by dp0622 (The only thing an upper crust conservative hates more than a liberal is a middle class conservative)
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To: Oldeconomybuyer

... a sweeping financial plan to help students avoid debt...

It’s called “taxes.”

And, it will be designed to help “favored” classes of students.


5 posted on 03/13/2017 11:28:43 AM PDT by Pearls Before Swine
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To: Oldeconomybuyer

Don’t have the dumb ones go to college to learn things they can’t understand to do jobs they can’t succeed at?


6 posted on 03/13/2017 11:30:39 AM PDT by babble-on
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To: Oldeconomybuyer

California is $228 billion in the hole with pension debt. It gives welfare to illegals who drop anchor babies. Unless they expect Feds to pay, there is no free money around to grant all free college.


7 posted on 03/13/2017 11:31:59 AM PDT by A CA Guy (God Bless America, God Bless and keep safe our fighting men and women.)
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To: Oldeconomybuyer
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.

Whatever water they've got in California must have something in it that sends all its politicians nuts.

8 posted on 03/13/2017 11:33:01 AM PDT by Timocrat (Ingnorantia non excusat)
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To: babble-on

Don’t have the dumb ones go to college to learn things they can’t understand to do jobs...that don’t exist!


9 posted on 03/13/2017 11:33:54 AM PDT by SMARTY ("Nearly all men can stand adversity...to test a man's character, give him power." A. Lincoln)
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To: Oldeconomybuyer

nutz! what jobs are left in that state? 3b? will brown ask Trump for taxpayer money for this???


10 posted on 03/13/2017 11:34:18 AM PDT by ColdOne ((I miss my poochie... Tasha 2000~3/14/11~ Best Election Ever!)
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To: Oldeconomybuyer

The Tate is broke.


11 posted on 03/13/2017 11:35:58 AM PDT by meyer (The Constitution says what it says, and it doesn't say what it doesn't say.)
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To: Oldeconomybuyer

Paid for by the people who are foolish enough to have a job and pay taxes.


12 posted on 03/13/2017 11:39:00 AM PDT by I want the USA back (Liberalism is a mental disorder without a cure.)
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To: Robert DeLong
so these people are going to required to work part time...

right....they're going to get the lazy takers to actually work a little....

never going to happen....

13 posted on 03/13/2017 11:41:38 AM PDT by cherry (<_)
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To: Oldeconomybuyer

How about just lower tuition? Oh yeah, that would mean progressives get less free money thrown at them. Better just force others to pay for it.


14 posted on 03/13/2017 11:45:13 AM PDT by Vince Ferrer
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To: Oldeconomybuyer

“cost of college, which is around $21,000 at Cal State and $33,000 at UC.”

Another idea: don’t go to those expensive colleges.

My recommendation to high school grads: if you have to borrow, go to a junior college.


15 posted on 03/13/2017 11:48:08 AM PDT by cymbeline
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To: Oldeconomybuyer

Parents making $60,000 may or may not be able to afford much in CA. Of course, if they expected their child to be able to attend an expensive university, they would have planned and saved.

How easy will it be for a college kid to get a job in California, ESPECIALLY when the minimum wage is raised?

And, most important, the main reason tuition is so expensive in CA is the outlandish wages and benefits all employees receive, and all the money spent on bogus social justice and cultural classes and degrees. If someone wants to take those classes, pay for it yourself.


16 posted on 03/13/2017 11:48:21 AM PDT by Rusty0604
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To: Oldeconomybuyer

This’ll add another $10k to Nevada home values.


17 posted on 03/13/2017 11:48:21 AM PDT by Read Write Repeat
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To: Oldeconomybuyer

" … help students avoid debt

Sure, easy.   Just make someone else pay for it.

18 posted on 03/13/2017 11:48:40 AM PDT by Governor Dinwiddie
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To: Oldeconomybuyer

I have one, too - skip college. It’s largely a carefully constructed Leftist scam to strip your family’s assets. :)


19 posted on 03/13/2017 11:49:28 AM PDT by Mr. Jeeves ([CTRL]-[GALT]-[DELETE])
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If the professor’s would all work pro bono and the property taxes on the schools waived... utilities supplied as tax write offs for utility providers... badda Bing badda boom... problem solved.

Students could attend free, and those with large debt could attend for more education on credit. Waive the interest and put the students on a payment plan.

I mean WTH, and what’s the difference somebody had to get screwed, might as well be all inclusive. Why is education taxed anyway? And why aren’t student loans interest exempt.

my list grows:

It is evil to tax or affix interest to:
food, clothes, medicine, medical and dental procedures, educational costs, educational loans.


20 posted on 03/13/2017 11:49:37 AM PDT by Clutch Martin (Hot sauce aside, every culture has its pancake, just as every culture has its noodle.)
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