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  • Why College Should Be Free: by Madison Gosnell

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    Maddi Go
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    The document argues that college should be made free through higher taxes on billionaires. It notes that student loan debt in the US has reached $1.56 trillion, creating a major financial burden for many. While some may argue there is no way to pay for free college, the document suggests taxing the extremely wealthy could cover the estimated $79 billion cost. Making college free would allow more people access to higher education and better jobs, investing in the country's future.

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    The document argues that college should be made free through higher taxes on billionaires. It notes that student loan debt in the US has reached $1.56 trillion, creating a major financial burden for many. While some may argue there is no way to pay for free college, the document suggests taxing the extremely wealthy could cover the estimated $79 billion cost. Making college free would allow more people access to higher education and better jobs, investing in the country's future.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    Download as pptx, pdf, or txt
    10 views7 pages

    Why College Should Be Free: by Madison Gosnell

    Uploaded by

    Maddi Go
    The document argues that college should be made free through higher taxes on billionaires. It notes that student loan debt in the US has reached $1.56 trillion, creating a major financial burden for many. While some may argue there is no way to pay for free college, the document suggests taxing the extremely wealthy could cover the estimated $79 billion cost. Making college free would allow more people access to higher education and better jobs, investing in the country's future.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    of 7

    Why College should be

    free
    By Madison Gosnell
    First point
    • According to collegeraptor.com • The student loan debt is currently at
    college loans are one of the most $1.56 trillion according to
    forbes.com. this is a problem “for
    major things that people start borrowers across all demographics
    with. They say that by not giving and age groups.” (Forbes).
    them that chance they could run • Most teenagers do not take a
    into trouble with loans in the personal finance class in high school
    future and the personal finance they do
    have in civics does not cover
    everything.
    Top 10 states
    for student loan
    debt
    Notice how North Carolina is #10.
    Second Point
    • Collegeraptor.com says that the • There are movements to tax the rich,
    specifically billionaires as suggested by
    problem with paying for these Bernie Sanders and Representative
    colleges is that it is uncertain who Alexandria Ocasio- Cortez. According to
    will get the financial burden. They Forbes “so much wealth is held by a small
    handful of the richest Americans”.
    say that “the short and simple
    answer is taxes.” The problem is • Jeff Bezos has an income over $78.5 billion
    according to Business Insider and the
    will the higher taxes go to the rich highest tax rate is 37%. According to New
    or to the upper-middle-class or to York Times the estimated amount to make
    college free in the U.S. is $79 billion.
    “Wall Street speculation taxes.”
    Tax
    brackets
    Notice how the highest
    percentage is 37% for
    $518,401. Many billionaires
    make over 2,000% more
    than the top tax bracket.
    Questions?
    Overall,
    • while some may argue that it can throw of learning experiences for students
    and that we have no way of paying it, there are solution to those problems.
    By teaching student’s healthy money habits while still in high school and by
    taxing billionaires the U.S could help students have more money to put back
    into the economy. By making college free to attend, post-secondary school
    will not be so out of reach for poor students, more people will be able to get
    a degree and therefor get better jobs. Free college is an investment into the
    future of our country and will mostly help those less fortunate.

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