What if the federal government took all of the money it spends on student aid, and instead just used that money to pay for every students’ college education?
According to the New America Foundation, the federal government spent $69 billion on grants, loans, and tax benefits for student aid in 2013.
If the same money was spent on paying tuition at public universities instead, then every student currently enrolled in those colleges could do so for free. The cost of tuition collected by universities last year was just $62.6 billion, according to the Department of Education.
Web-based education would likely play a vital role in such a radical change in higher education.…Read More