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Costs of increased military spending in Trump's budget: $54 billion Estimated costs to make college tuition free for every citizen: $62 billion
by cromwellian 10y ago
Costs of increased military spending in Trump's budget: $54 billion
Estimated costs to make college tuition free for every citizen: $62 billion
- rsync 10y agoCost of second Iraq War = 2+ Trillion and counting: https://en.wikipedia.org/wiki/Financial_cost_of_the_Iraq_War https://en.wikipedia.org/wiki/Financial_cost_of_the_Iraq_War
- deleted 10y ago[deleted]
- aianus 10y ago> Estimated costs to make college tuition free for every citizen: $62 billion How? There are ~20 million Americans enrolled in college so $62 billion is only $3,000 per person. In comparison, the US spends about $12,000 per year per high school student.
- jsmeaton 10y agoI'm not disagreeing, but presumably at least some portion of those expenses would be paid back in some way. The Australian model has the government provide the student loan. The interest rate is fixed to CPI and repayments are garnished directly from salary provided you earn over a certain amount (something like 50k). Students also get discounts via copaying which was about $500 per year from memory. The government obviously never breaks even directly from this scheme. I think they've begun to exclude certain degrees that don't have good prospects which is a big debate at the moment.
- grogenaut 10y agoNot a correction but I'd point out that if uni was free, it would cost more than $62 Billion as more people would go.
- mnm1 10y agoHaving free university doesn't mean every person gets in. Nor does it mean there are more spots than currently. It does mean the competition will be much more difficult for the current spots.