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New Mexico’s free-college plan could be a game-changer for student debt in America (Math is hard)
MarketWatch ^

Posted on 09/19/2019 5:27:37 AM PDT by qwerty1234

New Mexico Gov. Michelle Lujan Grisham unveiled a plan Wednesday to make public college tuition free for all state residents.

It’s a “an absolute game-changer” for the state, according to Grisham, a Democrat. Experts say it may well provide an example of good practice for state and local officials across the country who are crafting their own free college programs.

If state lawmakers approve the proposal, the New Mexico Opportunity Scholarship program will pay for all state-college tuition and fees that aren’t already covered by federal grants and a state lottery. That’s an unpaid gap ranging from 25% to 40% of a student’s tuition bill. The program doesn’t cover students’ living expenses.

The program could underwrite tuition for the estimated 55,000 students at the state’s 29 public universities and community colleges as soon as fall 2020. The program will cost between $25 and $35 million a year. The state will pay for the program through its general fund, a Grisham spokeswoman told MarketWatch. She noted oil and gas revenue have been boosting the fund in recent years.

(Excerpt) Read more at marketwatch.com ...


TOPICS: Government; US: New Mexico
KEYWORDS: educationfunding; highereducation; socialism
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To: qwerty1234

Free-college experiment (in Tennessee) proves it isn’t the magic bullet Democrats promise
https://www.wnd.com/2019/12/tennessees-free-college-experiment-proves-isnt-magic-bullet-dems-promise/


61 posted on 12/09/2019 5:02:33 PM PST by tbw2
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