Post by Logan on Jan 12, 2016 4:06:42 GMT -6
‘Free’ tuition for CUNY would cost up to $232 million a year says Independent Budget Office report
Making community college free for CUNY students would cost $138 to $232 million a year, according to a new report from the Independent Budget Office set to be released Tuesday.
After President Obama pushed for tuition-free community college in his State of the Union speech a year ago, Brooklyn Borough President Eric Adams proposed the city take matters into its own hands and scrap the charges at its seven community colleges, asking the IBO to analyze how much it would cost.
The budget office found that the bill would come out to an average of $3,456 per student, assuming students who currently get federal aid would continue to receive it.
The cost would range from $138 million if it was limited to three years for full-time students to $232 million if it was offered to full- and part-time students with no time limit.
Continued at www.nydailynews.com/new-york/exclusive-report-free-cuny-tab-232m-year-article-1.2493555
Making community college free for CUNY students would cost $138 to $232 million a year, according to a new report from the Independent Budget Office set to be released Tuesday.
After President Obama pushed for tuition-free community college in his State of the Union speech a year ago, Brooklyn Borough President Eric Adams proposed the city take matters into its own hands and scrap the charges at its seven community colleges, asking the IBO to analyze how much it would cost.
The budget office found that the bill would come out to an average of $3,456 per student, assuming students who currently get federal aid would continue to receive it.
The cost would range from $138 million if it was limited to three years for full-time students to $232 million if it was offered to full- and part-time students with no time limit.
Continued at www.nydailynews.com/new-york/exclusive-report-free-cuny-tab-232m-year-article-1.2493555