Free College In America

Free college is a utopic vision created from the 2016 election that promotes and idealizes socialism. This seemingly unattainable goal for Americans has been created on a foundation of poor information. However, the reality is that affordable college is coming around the corner. The piles of student loan debt accumulated are forcing Americans to make some type of change in higher education. While some oppose the idea of free college it is an inevitable outcome that will help most Americans and further educate the population. The topic of making affordable secondary education will continue to be discussed in American politics until student debt decreases and college becomes more affordable. The America’s College Promise Proposal brings America
For affordable college to exist, college must become a necessary tool for upward social and economic mobility for Americans. It will also require people to look at previous experiences and countries with successful free college programs to make a beneficial plan for all parties involved.
For people to understand the intrigue of free college the first step is to look at student debt. The mass amounts of student debt started the conversation of free tuition in four-year colleges and universities. The reality is that student debt has overwhelmed many Americans and will sink the economy again. The 2000s dot COM crash and the housing market crash is evidence of what is to come. Companies like Navient formerly know as Sallie Mae, have increased the intrinsic value of stocks. Which increases the price at which they are sold and traded. Once the market is flooded, the peak point of these stock prices will be followed by an immediate deflation and a crash in the market. The bubble will pop and America’s stock market will have to reset itself. Many economists can recognize this recurring pattern. The issue is the government’s bleeding heart. The White House
Most notably it has started with the Obama Administration, Bernie Sanders, and Hilary Clinton. The Obama Administration has made two recognizable strides to help prevent further debt from accumulating. They first started with the discontinuation of the Federal Family Education Loan Program. This program provided a “can’t-lose public guarantee in the event of default and then sweetened the deal further with federal subsidies designed to keep interest rates low.” (Fraser) This program provided a way for the rich to keep getting richer and a billion dollar private loan sector for just student loans. Then in 2015 Obama Administration created America’s College Promise Proposal. The legislation pushed for the advancement of education and trade skills. The bill created eleven programs in states with corresponding legislation. “President Barack Obama proposed the America’s College Promise, which would make two years of community college free through a federal state partnership. [The problem of legislating this act so close to the end of his term is] there’s no guarantee his successor will support it.” (Patton, 33) Another problem is choosing which schools to select with the passing of this act, which would