2016 Postmortem
Related: About this forumHas Bernie explained how his free public college tuition plan will work, given the fact that
the cost of public 4-year colleges and universities ranges from a low of $4222 in North Dakota to a high of $17,772 in Pennsylvania?
Will his plan really pay for 100% of tuition at ALL public colleges no matter how expensive?
Or a median amount (which is about $8K) or what?
If he thinks the Fed govt. should pay for 100% of any public college's tuition, then what measures would he have in place to keep cost increases in check? Why shouldn't all the $4,000 and $5,000 colleges immediately begin upgrades? Why shouldn't the $17,000 colleges look for more ways to spend money?
What if his plan to make Wall Street pay for all this doesn't yield enough money? Will he add on new taxes or cut back the program?
2014-2015 in-state tuition and fees: $4,222
Bismarck State College (ND)
http://www.usnews.com/education/best-colleges/slideshows/11-public-schools-with-the-lowest-in-state-tuition/11
$17,772
University of Pittsburgh
http://www.usnews.com/education/best-colleges/the-short-list-college/articles/2014/10/28/10-colleges-where-in-state-students-pay-the-most-tuition
'Course you'd have to actually go look at the plan to know that.
By not blindly paying whatever amount that the universities ask for.
Doesn't matter.
The lifetime earnings of that college graduate will be taxed, and on average it is much higher than a high school graduate. Over their roughly 40 year working life, they will pay the government many times more than what their tuition cost.
That's why smart governments pay tuition. They make money off it in the end, even if there is a short-term cost.
pnwmom
(108,980 posts)Then what amount would he pay?
He's advertising 100%. If that's not true he shouldn't be saying it.
You're also making the huge assumption that if two or three times as many young people go to college, the economy will magically have two or three times as many jobs available that require that credential.
What we could have is more college graduates working as waiters. A worthy profession but not one that should require a college degree.
Skidmore
(37,364 posts)to accommodate this assumed influx of students. Investments in faculty and facilities cost money.
daleanime
(17,796 posts)paying taxes.
tex-wyo-dem
(3,190 posts)You also have more people in the workforce innovating in technology, economics, the sciences, the environment, alternative energy, etc etc etc
Win, win
Eric J in MN
(35,619 posts)NT
jeff47
(26,549 posts)to negotiate?
Yeah....tell me again how the ACA is totally going to rein in costs with that "it's impossible to negotiate" angle.
The plan, as it currently exists, pays based on the costs of all public universities. That would create massive pressure for public universities to basically all hit the same price. Just like there is enormous pressure in the ACA to be the 2nd lowest Silver.
Could ReallyExpensiveStateU charge more? Yes. But they'd hemorrhage students until they cut their tuition.
Nope! I'm not assuming admission standards would be thrown out.
Please point to the massive plague of overeducated waiters in Germany.
Also, statistics show that even if they get a job that doesn't require a degree, they still get paid more over their lifetime.
pnwmom
(108,980 posts)with the disparity in current tuitions. Will he pay them all the same? Will colleges with tuitions at the bottom end raise their tuitions to match those at the top? Will he pay a median amount?
Why will there not be massive pressure for the price they all charge to be the current maximum -- ie., 17,000, instead of the median or lower?
jeff47
(26,549 posts)The plan calls for paying up to the 75th percentile of all public universities.
Will CheapskateU raise their tuition? Possibly. Hopefully they'd use the money to actually upgrade their education. Will ExpensiveU lose out on students? Yep.
Because you don't actually have to give the other side of a negotiation everything they want.
I know, it's a shocking thought after three decades of DLC leadership, but you don't have to surrender everything before you start negotiating.
pnwmom
(108,980 posts)for 100% of public tuitions.
jeff47
(26,549 posts)trueblue2007
(17,228 posts)it is far too expensive.
Why doesn't he say FREE FOOD FOR ALL ??? That way, people would not die from starvation.
jeff47
(26,549 posts)BlueJazz
(25,348 posts)safeinOhio
(32,688 posts)the total would equal .15% of the cost of the Iraq wars.
litlbilly
(2,227 posts)Karma13612
(4,552 posts)thanks for this
mythology
(9,527 posts)So in a really simple comparison, if State 1 chips in $10, State 2 chips in $15 and State 3 chips in $20, the federal government would chip in $30.
If that's correct, I have a huge problem with it based on things like cost of living in individual states and how it makes it hard for a state to justify putting in more money since it won't be matched and it makes it easy for a state to put in less.
Additionally I think it will harm public school as it will encourage professors to teach at private schools where they could make more money.
Live and Learn
(12,769 posts)Eric J in MN
(35,619 posts)A state puts in $10 million, it gets $20 million.
A state puts in $15 million, it gets $30 million.
Ron Green
(9,822 posts)Let's do that again!
Warren Stupidity
(48,181 posts)Or so I've learned here.
livetohike
(22,145 posts)in PA 1970-1974 and we paid tuition.
Mnpaul
(3,655 posts)He didn't like that they had time to protest his bad policies.
politicaljunkie41910
(3,335 posts)Community colleges use to be free tuition. You paid for books and a Student Fee that was nominal and took care of some incidental costs. That changed some time ago and they now charge tuition, but the costs is still very inexpensive for community college. The State Universities charge more, but they are still a bargain compared to private universities. The state universities have pretty good reputations. I went to one in the early 80s.
livetohike
(22,145 posts)if tuition was free there now .
Ron Green
(9,822 posts)Not quite free, but close enough.
livetohike
(22,145 posts)had a protest March 😊. Did not change things. I think I was making $1.65/ hr minimum wage (1970).
dsc
(52,162 posts)and could be worked out. For me the larger problem is would this come with the usual trade off of strict admission standards that European countries tend to have. Most, if not all, EU countries have a series of exams that they take to decide which colleges/ universities they can attend. No affirmative action, no attempts at increasing diversity, simply a cut and dried number. That would be a disaster in a country where there is such an unequal system of high school education. Some of our public high schools rival the toniest of private academies while others make one think of the third world.
Eric J in MN
(35,619 posts)NT
SickOfTheOnePct
(7,290 posts)But the colleges will have to have more stringent admissions standards.
Supply and demand.
Eric J in MN
(35,619 posts)...in which case an increased number of applicants would make it harder to get in (all else being equal.)
Or a state could try to maximize the federal dollars it gets by increasing the number-of-openings.
dsc
(52,162 posts)every country that offers free tuition has the type of standards I outlined. They do so for a good reason. You can't make college free and not have those standards without bankrupting your nation.
Eric J in MN
(35,619 posts)If a state wanted to raise admissions standards after making its public colleges tuition-free, it could. It's up to each state.
dsc
(52,162 posts)can you say nearly all white schools?
Eric J in MN
(35,619 posts)NT
treestar
(82,383 posts)they'd have to be. Or at least, a big flunk-off at the end of freshman year.
Totally correct about the unevenness of US high schools.
senz
(11,945 posts)The financing is clearly laid out on his website and in more detail in a PDF document.
From Berniesanders.com:
https://berniesanders.com/issues/its-time-to-make-college-tuition-free-and-debt-free/
https://berniesanders.com/issues/how-bernie-pays-for-his-proposals/
Here is the detailed report of how such a tax works:
http://www.peri.umass.edu/fileadmin/pdf/ftt/Pollin--Heintz--Memo_on_FTT_Rates_and_Revenue_Potential_w_references----6-9-12.pdf
pnwmom
(108,980 posts)the huge range of current tuitions and keep costs in check? What is to keep colleges from a race to the top -- tops in tuition?
senz
(11,945 posts)Could be fun, pnwmom.
senz
(11,945 posts)Bernie Sanders thinks everything through very carefully.
pnwmom
(108,980 posts)charging 4 times as much as others for public colleges and universities.
Eric J in MN
(35,619 posts)States which make their public colleges tuition-free would get twice as much from the federal gov't as they spend on their colleges.
seaglass
(8,173 posts)the College for All Act. It appears that it is a percentage rather than a dollar amount:
https://www.govtrack.us/congress/bills/114/s1373/text
(1)
Initial allotment
For fiscal year 2016, the Secretary shall allot to each eligible State that submits an application under this section an amount that is equal to 67 percent of the total revenue received by the States public system of higher education in the form of tuition and related fees for fiscal year 2016. For each of fiscal years 2017 through 2019, the Secretary shall allot to each eligible State that submits an application under this section
(A)
an amount equal to the allotment the State received for fiscal year 2016, plus
(B)
if the State provides additional funds toward the cost of reducing the cost of attendance at public institutions of higher education in the State for any of such fiscal years that is more than the matching funds requirement under subsection (a)(2), an amount equal to such additional funding provided by the State, which amount provided by the Secretary may be used for the activities described in subsection (e)(2).
(2)
Subsequent allotments
Beginning in fiscal year 2020, the Secretary shall determine the median allotment per full-time equivalent student made to all eligible States under this section for fiscal year 2019 and incrementally reduce allotments made to States under this section such that by fiscal year 2025, no State receives an allotment under this section per full-time equivalent student that exceeds the median allotment per full-time equivalent student made under this section for fiscal year 2019
Arazi
(6,829 posts)Iirc, he estimates the EFT stock speculation tax will being in $75 billion. Current needs to fully fund free public college is $64 billion but that isn't accounting for the $24 billion we pay out already in Pell Grants.
So the tuition program would end with a $35 billion surplus the first year it was implemented and that without any state pressure for the schools to cut costs.
It's why he also says it would fully fund Head Start too with plenty to invest and hold over for the future.
Jarqui
(10,126 posts)Bernie proposes:
https://berniesanders.com/issues/its-time-to-make-college-tuition-free-and-debt-free/
FULLY PAID FOR BY IMPOSING A TAX ON WALL STREET SPECULATORS.
The cost of this $75 billion a year plan is fully paid for by imposing a tax of a fraction of a percent on Wall Street speculators who nearly destroyed the economy seven years ago. More than 1,000 economists have endorsed a tax on Wall Street speculation and today some 40 countries throughout the world have imposed a similar tax including Britain, Germany, France, Switzerland, and China. If the taxpayers of this country could bailout Wall Street in 2008, we can make public colleges and universities tuition free and debt free throughout the country.
STATEMENTS OF SUPPORT FOR A FINANCIAL TRANSACTION TAX (FTT)
Updated July 2013
http://cepr.net/documents/ftt-support.pdf
1,000 ECONOMISTS TELL G20: SUPPORT A ROBIN HOOD TAX
http://robinhoodtax.org.uk/1000-economists-tell-g20-support-robin-hood-tax
a thousand economists from 53 countries have written to G20 finance ministers and Bill Gates calling on them to introduce financial transaction taxes to tackle global poverty and climate change and help people hit by the economic crisis.
Economists letter to G20
http://www.theguardian.com/business/2011/apr/13/robin-hood-tax-economists-letter?CMP=twt_gu
The financial crisis has shown us the dangers of unregulated finance, and the link between the financial sector and society has been broken. It is time to fix this link and for the financial sector to give something back to society.
Even at very low rates of 0.05% or less, this tax could raise hundreds of billions of dollars annually and calm excessive speculation. The UK already levies a tax on share transactions of 0.5%, or ten times this rate, without unduly impacting on the competitiveness of the City of London.
This money is urgently needed to raise revenue for global and domestic public goods such as health, education and water, and to tackle the challenge of climate change.
Given the automation of payments, this tax is technically feasible. It is morally right.
If the financial transaction tax 0.5% (half of one percent)
http://www.peri.umass.edu/fileadmin/pdf/other_publication_types/magazine___journal_articles/Pollin----Fin_Transaction_Tax_for_New_Labor_Forum_5-1-12.pdf
"Even if trading declined by 50 percent as a result of the [FTT], the government would still raise $175 billion. "Normally, it would provide $350 billion in today's economy
To get the $75 billion Bernie needs for this, 0.0107% (a tenth of one percent) financial transaction tax would make the United States tuition free.
Bernie is not blowing smoke. It's a great idea embraced in Europe 52% for 17% against.
tazkcmo
(7,300 posts)Guess she didn't really want an answer after all.
pnwmom
(108,980 posts)of tuitions in different states.
Jarqui
(10,126 posts)It was trying to address this fundamental question in your post:
"What if his plan to make Wall Street pay for all this doesn't yield enough money? Will he add on new taxes or cut back the program?"
If we/they can't get the money, nothing else matters.
You also asked:
Will his plan really pay for 100% of tuition at ALL public colleges no matter how expensive?
Or a median amount (which is about $8K) or what?
Based on the money he is talking about, that would cover 100% of tuition. In fact, in the Atlantic article,
http://www.theatlantic.com/business/archive/2014/01/heres-exactly-how-much-the-government-would-have-to-spend-to-make-public-college-tuition-free/282803/
they point out a portion of the Pell grants pay some tuition so he may only need $50 billion.
The balance of your questions you ask are good questions I haven't seen the answers to. I had checked the above and feel comfortable he can get the money.
If he thinks the Fed govt. should pay for 100% of any public college's tuition, then what measures would he have in place to keep cost increases in check? Why shouldn't all the $4,000 and $5,000 colleges immediately begin upgrades? Why shouldn't the $17,000 colleges look for more ways to spend money?
i took a quick look to double check and could not find the answers to those questions. Maybe someone else knows. If not, I'd try asking the campaign.
thesquanderer
(11,989 posts)How does she deal with the fact that community college tuition can vary a lot among states?
notadmblnd
(23,720 posts)pnwmom
(108,980 posts)highest rate? At some median rate? Let all the lower end colleges decide to charge more?
notadmblnd
(23,720 posts)What do you think tuition free means?
Arazi
(6,829 posts)So since University of Pennsylvania is a large research university and has a tuition of $17k, that will be met the same as the University of Arkansas, which is structured differently and thus has a different tuition basis.
There's no distinction for funding based upon different cost structures.
You do realize that's a historical norm? Public universities used to be almost entirely state funded. That's eroded badly over the past few decades but the principal is the same - tuition at Cal State is different than UC Berkeley. Nobody blinks that these two public universities have different tuitions. They service different student needs and offer different programs
Rosa Luxemburg
(28,627 posts)of course when it comes to education, health, social security the people can't have it. When I was at college it was free. We were given grants which covered tuition fees, board, travel and fees. It is possible because other countries manage to do it. Bernie has already said how it should be paid for.
Yavin4
(35,441 posts)Bernie's plan for "free" college has more holes in it than Swiss cheese. He doesn't have a revenue source to pay for it. It will largely benefit middle to upper class Americans as the standards for entry would have to be raised higher thereby giving an advantage to kids from better education systems.
What's really worse is that Bernie is clearly pandering to progressives with his platform, and by doing that, he's doing real damage to the progressive movement.
Truprogressive85
(900 posts)Free college nope just load up with debt instead
You HRC supporters hate the youth that much huh ?
pnwmom
(108,980 posts)Hillary's plan, like Bernie's, will ensure that NO student has to borrow to afford a public college in their state. But her plan won't make taxpayers cover the cost of tuition for the rich.
Why are you insulting Hillary supporters and misrepresenting her plan? You BS supporters hate the truth that much?
https://www.hillaryclinton.com/issues/college/
Truprogressive85
(900 posts)flamingdem
(39,313 posts)I think Obama's proposal to make community colleges free is the first real achievable step to take. Reducing existing student debt seems like a preferable focus but it's not vote getting material apparently.
The idea of taxing speculation on stock trades is a good idea, proposed and being used in Europe to fund climate change in poor countries. That to me is priority if it's possible ever to make that tax happen - the college and university system has to get shaken out. Too many administrators are paid millions, some institutions have to go under in this process. Throwing money at it isn't an answer.
Dems to Win
(2,161 posts)California's universities were tuition free until the 80s. Germany's are today.
I'm not interested in a NO! We Can't campaign.
pnwmom
(108,980 posts)We need details to go with his huge promises.
Dems to Win
(2,161 posts)We elect a President who sets goals, the Congress will develop the details. Even if Bernie gave a detailed plan that met your specifications, the reality when it got enacted would be different.
The US is a rich country, we can have tuition free college if we demand it. Period.
pnwmom
(108,980 posts)on negotiations with Congress.