Here's what Biden's free community college plan would cost—and what it would save students
In the United States, nearly six million people, about 1 out of 4 college students, attend a community college.
On the campaign trail and in office, President Biden has proposed making two years of community college tuition-free. His American Families Plan includes $200 billion for free universal pre-school, $85 billion for Pell Grants to increase the maximum grant by $1,400, and $109 billion to make two years of community college tuition-free "so that every student has the ability to obtain a degree or certificate."
The College Board estimates that during the 2020-2021 school year, the average annual tuition and fees was $3,700 for in-district students at community colleges, $10,560 for in-state students at public four-year colleges and $37,650 for students at private nonprofit four-year colleges.
Advocates say Biden's proposal could save community college students money and give other students the chance to cut down on college costs by transferring to a traditional four-year college after their first two years. Others are skeptical it will make a significant impact.
CNBC Make It spoke with experts about what the policy would cost …
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