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How Bernie Sanders plans to provide college for all

October 13, 2015
<p>Sen. Bernie Sanders speaks during the "Brunch with Bernie" event at the National Nurses United office in Oakland, Calif., on Monday, Aug. 10, 2015. Aric Crabb/Bay Area News Group/TNS</p>

Sen. Bernie Sanders speaks during the "Brunch with Bernie" event at the National Nurses United office in Oakland, Calif., on Monday, Aug. 10, 2015. Aric Crabb/Bay Area News Group/TNS

Photo by Aric Crabb/Bay Area News Group/T | The State News

With the first Democratic Party presidential debate taking place tonight, one of the biggest talking points around college campuses is democratic candidate Bernie Sanders' plan to provide free college tuition for all students attending public universities.

Under the College for All Act, Sanders plans to provide all students attending a four-year undergraduate program at public universities with free tuition, with the federal government covering 67 percent of the costs and the state governments covering the remaining 33 percent.

"Education is a basic human right," president of MSU Students for Sanders Brieann Sauer said in an email. "Everyone has that right, not just those who can afford to buy it. The United States can currently afford it, but is simply refusing to place our future leaders' education as a priority."

The act also plans to reduce student loan rates by almost half the amount, as well as ensure they will never rise above 8.25 percent. Those who have already borrowed money for student loans would also be able to refinance their loans to be based on the new, lower interest rates.

Sanders claims the government can pay for this legislation by imposing fees on Wall Street transactions, including a 0.5 percent fee on stock trades, a 0.1 percent fee on bonds and a 0.005 percent fee on derivatives.  Sanders claims that these fees can produce hundreds of billions of dollars each year, which would not only be used to pay for tuition costs but also to create millions of jobs.

Dean of the College of Education Donald Heller said in an email, "I’m not in favor of it. There are many college students (and families) out there who can afford to pay for college — I don’t believe they should be given a free ride.

"Better to focus the money via targeted financial aid on those students who really need the assistance, such as by increasing the value of Pell Grants, rather than giving a blanket subsidy to all students."

Heller, an expert in economics, tuition costs and enrollment, is doubtful that the act even has a chance of being put into legislation. 

"No matter whether the Republicans maintain control of Congress or the Democrats gain control, I don’t think there would be enough support in Congress in either scenario to pass such legislation," he said. 

Sanders will likely speak on this topic, and many others, with the other democratic candidates when they gather on Oct. 13 in Las Vegas, NV for the party's first debate.

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