Democrats In California Take ‘Boldest Step in the Nation’ Toward Making College Debt-Free
Reason No. 4,398 to immediately drop everything and move to California: Democrats in the state are making bold moves toward a potentially debt-free future for college graduates. Lawmakers proposed "the most generous college aid plan
Reason No. 4,398 to immediately drop everything and move to California: Democrats in the state are making bold moves toward a potentially debt-free future for college graduates. Lawmakers proposed “the most generous college aid plan in the nation” Monday, the Los Angeles Times reported. The plan aims to supplement the state’s aid programs while doing away with the need for student loans.
The problem for many students, Assemblyman Kevin McCarty said, is that grants are often not enough to cover additional expenses including pricey textbooks and housing. “The cost of living, the books, the transportation — that’s [what] we really need to tackle,” McCarty said Monday, according to the Times. The new program, if put into motion, would cost “around” $1.6 billion per year with costs expected to drop following a minimum wage increase.
Under the program, benefiting students would be required to work 15 hours per week to help with expenses. Additionally, the Sacramento Bee noted, those with an annual income over $60,000 “would be expected” to make additional contributions. “With these elements combined, this again would replace that necessity to go and get an outside student loan,” McCarty explained.