Obama’s Free Community College Plan Has $60 Billion Price Tag – 10 January 2015

RT logoPresident Barack Obama proposed offering two years of community college free of charge to Americans “willing to work for it,” and the White House announced Friday the plan would cost $60 billion over 10 years.

According to White House spokesman Ed Schultz, states involved in the program would contribute $20 billion, while the federal government provides the rest.

The initiative, which President Obama officially announced on Friday at a Tennessee community college, is said to be aimed at addressing growing income inequality. The White House says by 2020 it is estimated that 35 percent of job openings will require at least a bachelor’s degree, and 30 percent will require an associate’s degree.

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