Interesting #Rhodeislandbuzz

James
***Raimondo’s free Tuition is a scam***

After having time to read through the bill and research the data I’ll throw a scenario at you based on that data.

According to the public college data only 50% of freshman graduate from their college in a 4 yr program. Of those students 33% need an additional year to finish. Of the students that finish 35% have or have had less than a 2.5 GPA at some point. So here’s the math.

If 1000 students receive these scholarships only 500 will graduate. Of those 500 students only 335 will graduate on time. Of those 335 graduating students only 217 will have maintained a GPA of 2.5 of higher…….so what happens to the other 783 students scholarships?

Yes some kids will get a free education…….but it will be paid for by the students that drop out!

Almost 80% of the students that receive these funds will NOT go to school for free. They will be left with a debt…..to the state. Most students that go to school and receive financial assistance walk away with a debt……to the FED. The only thing this program does is take those loans away from the FED and brings them down to a state level.

Data varies by source but the numbers are consistent. In a perfect world this program would pay for itself and send children to school for free……look out your window……this isn’t a perfect world. We need practical bills that address practical issues with easily applicable terms.
More info @ http://ift.tt/2vD6OvO
Automated post from Rhode Island Buzz – http://ift.tt/2aTSfrT
August 05, 2017 at 07:29PM

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