Sanders, Jayapal introduces a bill to make college tuition free for many – Lexington-Fayette, Kentucky

Lexington-Fayette, Kentucky 2021-04-22 16:44:13 –

Washington DC-Senator Bernie Sanders and Pramila Jayapal introduced a law on Wednesday that many Americans would make college tuition free.

The· University for all laws We guarantee a free tuition community college for all students and allow family students who earn $ 125,000 a year to attend public universities without tuition and without debt.

The bill will also allow students from families in that income group to attend historical black colleges and other institutions that serve people without color tuition or debt. The bill will also make a $ 10 billion annual federal investment to cover student support programs at these institutions.

In addition, the bill doubles the largest Pell Grant to $ 12,990, allowing students to use that money to cover non-living and tuition costs, expanding the eligibility of grants to Dreamers. ..

The bill’s sponsors say they will be paid by taxes on the Wall Street Speculation Act introduced by Sanders on Wednesday. There is a 0.5% tax on equities, a 0.1% commission on bonds and a 0.005% commission on derivatives. The tax will reach up to $ 2.4 trillion over the next decade, according to the company. Press release From Sanders.

The bill’s sponsors say they believe it will help students’ debt crisis, but they are calling on President Joe Biden to use the power of his office to cancel student debt without Congress. ..

“In the wealthiest countries of the world’s history, higher education should be a right for everyone, not a privilege for a few,” Senator Sanders said in a statement. “To achieve a standard of living for Americans, we need the best educated workforce in the world. It is absolutely unacceptable that hundreds of thousands of bright young Americans do not receive higher education each year. Hmm. Not because they aren’t qualified, but because their families don’t have enough money. In the 21st century, the free public education system from kindergarten to high school is no longer sufficient. Public It’s been a long time late to get rid of tuition and debt for college-working families. “

“President Biden can and should quickly cancel student debt to millions of borrowers, but Congress has taken these catastrophic loans to families working to get higher education in the first place. We must guarantee that we don’t have to borrow, “said Jayapal. “The College for All Act offers free community colleges to everyone, reducing tuition and tuition at public universities by up to $ 125,000, freeing students from lifelong debt and investing in working people. Transforms higher education across the United States. “

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