Three real winners today:
A mere $62.6 billion dollars!
According to new Department of Education data, that's how much tuition public colleges collected from undergraduates in 2012 across the entire United States. And I'm not being facetious with the word mere, either. The New America Foundation says that the federal government spent a whole $69 billion in 2013 on its hodgepodge of financial aid programs, such as Pell Grants for low-income students, tax breaks, work study funding. And that doesn't even include loans.
Somehow if we just double the amount of money we spend on Pell Grants and other need based financial aid programs we can pay for all students to go to school for free. I understand that he is talking about including the money from loans and so on, but I just don't see how that money would come anywhere near close enough. Especially when you consider the fact that if something is free you'll get a lot more of it.