The bill would make community colleges free to all and public four-year colleges free and debt-free for students from families earning up to $ , 000 by year
Photo: Aurelia Ventura / Impremedia / Real America News
For: Drafting
Friday, October 4
Bernie Sanders Introduces Bill to Give Americans Free Access to College
Senator Bernie Sanders and Congresswoman Pramila Jayapal presented a college tuition is free for many Americans, a policy that would be paid for with a Wall Street tax.
The bill would make the . free for all and public four-year colleges are free and no debt for students from families earning up to $ 125, 000 by year.
Sanders said that there must be “a free education system that not only includes kindergarten and high school. Public universities ”.
Jayapal added that the bill would“ free students from a lifetime of debt, invest in workers and . “.
The bill also would allow students from families earning up to $ , 000 per year attend private non-profit institutions serving minorities without tuition, such as African American colleges and universities.
In addition, it would double the amount of the Pell Grant to $ 12, 1200, That can be used for living expenses and not tuition, and would expand eligibility to “Dreamers”, immigrants brought into the country without documents as children.
This program would be paid with a tax on some operations that take place on Wall Street . Sanders said he would re-file a separate bill, known as the Wall Street Speculation Tax Act.
This would impose a 0.5% tax on transactions. of shares, a tax of 0.1% on bonds and a tax of 0, on derivatives.
The bill comes as the Democrats are trying to pressure Biden to pay off student loan debt . Biden, during his presidential campaign, endorsed the waiver of $ 10, 000 in student loan debt.
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