New York Gov. Andrew Cuomo is launching a plan that will offer free college tuition to millions.
Here are seven things to know about the move:
- Students with parents who make $125,000 or less are eligible for the move.
- Cuomo’s free college tuition plan applies to students applying to state and city universities, as well as community colleges.
- The move was announced by the Governor alongside Bernie Sanders.
- A million students could be eligible for the move surrounding children looking to attend college.
- A three-year development plan will precede the move, and it still needs to receive regulatory approval in order to put it forward.
- By 2019, the program could cost up to $163 million, with the estimate considered to be too high or potentially too low depending on how many people actually become a part of it.
- The move applies to State University of New York (SUNY) schools, as well as City University of New York (CUNY) institutions. Tuition at SUNY schools is $6,470 and $4,350 at community colleges unless these figures go up.
The opinions contained in this column are solely those of the writer.
Want to share your own views on money and politics? Drop us a line at firstname.lastname@example.org and we might reprint your views in our InvestorPolitics blog! Please include your name, city and state of residence. All letters submitted to this address will be considered for publication.