Spouting "Free" College is a cheap political ploy aimed at garnering votes from the lower economic class, a class that already has access to a virtually free education if they had the grades and initiative to apply for it.
Actually having a plan to reduce college costs would have a much larger impact on the Middle and Upper Middle Class......Those that don't qualify for financial aid and federal grants.
Instead of having an actual plan, many politicians just yell "Free"!!! Free doesn't mean reduced entrance requirements and does nothing to fix the problems at the High School level that fails to prepare students for college.
The plan in my mind should involve this:
1. No more federal aid money to for profit colleges. Their default rate on student loans is astronomical, they're crappy degree mills, and they cost us millions and prey upon uneducated populations. State community college systems can pick up their slack and fill this need. Federal money already subsidizes enough industries, we don't need to put TONS of money into a for-profit education system.
2. Get colleges/universities to have some incentive to see their graduates actually can pay their student loans. Right now a federal student loan is up front money and the colleges don't care how, if, and when these loans ever get paid back. The universities have no skin in the game for federal loan money.
3. Eliminate the arms race for facilities (no, your little snowflake child does not need a super fancy dorm room and workout facilities and gluten free meal options at the cafeteria) and non-faculty middle managers/administrators that bloat the system and provide minimal educational value
4. Put a risk assessment formula into the student loan interest rate calculation. A kid with a 3.8 majoring in engineering (very low default rate) should not be paying the same rate on his/her interest on student loans as someone majoring in theater. In every other loan industry your rate is determined based upon risk...except education.
5. Private schools with massive endowments should be providing their own student loan departments and issuing their own loans (at least for a certain % of their student body that needs aid). Yes, they already provide some of their own grants, but there is no reason a place like Elon -$189 million endowment (or insert any other expensive, beautiful campus, small private liberal arts school with plenty of money but degree programs not much better (or not at all) than state schools) should be allowed to accept thousands in federal student aid for students majoring in high risk majors in which they may never pay them back. That's free money to the school and there's zero reason to keep tuition costs down.
"Free" college for everyone and the concept that everyone needs to go to college has left millennials with worthless degrees and mountains of student loan debt. Education for the populace is a great idea in theory, but this concept has put millennials in a very bad financial spot moving forward, so it's time to re think it. Drastically.