The White House document covers a lot, so here is the breakdown - one, federal funding would effectively cover about 75 percent …show more content…
Unfortunately, community college enrollment has increasingly become more expensive, with one study suggesting that it ultimately may not be a cheaper alternative to four-year universities . “America’s College Promise” is a major chance to reverse that trend by making community college free for millions of students.
Here are four major reasons as to why “America’s College Promise” can help this country:
1) Increased Wage Earnings
In 2009, Contemporary Economic Policy conducted a study finding that enrollment in academic programs at community colleges had a significant effect on wage earnings . For men, graduates earned around 12 percent more than their high school-educated counterparts. For women, the statistics were even more significant; they earned about 46 percent more than their high school-educated contemporaries.
The American Association of Community Colleges found similar results. They also found direct correlations towards societal benefits . For example, individuals with higher degrees in society yield less unemployment, crime, and health costs. Worker productivity is also a beneficiary of higher education, as is the clear strengthening of the economic base.
2) Higher Graduation and Retention