Today, the President unveiled a new proposal: Make two years of community college free for responsible students across America.
In our growing global economy, Americans need to have more knowledge and more skills to compete — by 2020, an estimated 35 percent of job openings will require at least a bachelor’s degree, and 30 percent will require some college or an associate’s degree. Students should be able to get the knowledge and the skills they need without taking on decades’ worth of student debt.
UPDATE: Fact Sheet: America’s College Promise
“The President’s Plan: Make Two Years of College as Free and Universal as High School”
This is a win-win for the economy and for the next generation. Cash-strapped states (many of which strapped themselves to tax-cut fever which is burning up their seed corn) are cutting back on their funding of higher education. A recent story in NPR reported that tuition now outweighs state aid as the major source of revenue for public colleges. Tuition that is paid for by student loan debt and parent loan debt … or the high cost of which has made it impossible for low-income students to afford college.
Why is a college education important? This:
According to new data, based on an analysis of Labor Department statistics by the Economic Policy Institute, Americans with four-year college degrees are not only equipped for a fulfilling adult and professional life but made 98 percent more an hour on average than those without a degree. And, the wage gap is only increasing, up from 89 percent five years ago, 85 percent a decade earlier, and 64 percent in the early 1980s.
College graduates are also more likely to be employed full-time than their less-educated counterparts, and are less likely to be unemployed, 4 percent versus 12 percent, according to a survey by the Pew Research Center.
More on the presidents program below …