Friday, 14 July 2017

The High Cost of "Free" College

Mises Wire:



Tennessee Promise, and now Tennessee Reconnect, are the first programs of their kind in the United States. Through these programs designed by now gubernatorial candidate Randy Boyd, the state will pay tuition for all that seek an associates degree from a community college. They are everything that progressives like Bernie Sanders have wanted for decades. President Obama has said that they should serve as an example for the entire nation. Tennessee, one of the most conservative states in the Union, has become a champion of single-payer education.
One of the defining aspects of the Tennessee Promise and Reconnect programs is the source of their funding. Instead of being funded directly through taxpayer money from the state’s general fund, these programs are bankrolled by money generated by Tennessee’s state run lottery. This detail was essential to the legislation’s enactment, courting otherwise conservative or libertarian legislators.

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