The Iowa Progressive Alliance demands that public universities and colleges become tuition-free in the state of Iowa. Education is a right, as recognized by the national public school system. No longer is a high school education enough in the job market. Higher education should be free.
According to the College Board, college costs anywhere from about $10,000 for in-state students to $25,000 for out of state students each year. That price is the same as a brand new car or the down payment on a house. Unless you won the birth lottery and were born into a wealthy family, you will most likely be taking out student loans to pay for your tuition.
According to Forbes this past February, there are more than 44 million student loan borrowers, and they have a combined $1.5 TRILLION in student debt. The debt per average borrower is about $29,000. The tricky thing about these loans is that they accumulate interest, so you aren’t just paying off your education you’re paying off the interest as well which can cause your loans to double or triple over time. Student debt is the form of debt you cannot get out from under by declaring bankruptcy. Forget loan forgiveness programs, under the current administration, those are basically nonexistent.
College currently is unaffordable to the majority of the nation. However, there is a simple solution to help save our students, public universities can be made free to all. Free college means more incentives to go into careers that serve the public. It would also help our workforce develop faster to catch up to the rest of the world. It fosters innovation, rewards creativity, encourages entrepreneurship, and make us a smarter, more successful nation. America has already put an entire generation of graduates, Millennials (not to exclude Gen X), into unbearable debt, and America is about to make the same mistake with Generation Z.