Tuesday, April 11, 2017

The NY State Free Tuition Lie

Governor Andrew Cuomo in predictably duplicitous fashion has touted a"free tuition" program for some students in New York. Except that tuition isn't free. It's really a loan. There are two hidden catches,

1. Students must live in New York for four years after graduation or have to pay back the loans (works sort of like the Berlin Wall without the concrete).

2. The state already spends over a billion dollars on tuition assistance., This just adds another layer of $200 billion or so. So if you stay in New York, you'll be paying back your loan in the form of higher taxes.

3. Worse yet, only one-third of New York residents get a college degree. Which means the two-thirds that are merely high school graduates will be paying for the college degrees of the one-third that do. Sweet deal. And this from Democrats who are constantly complaining of "regressive " taxes.

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