Almost all of the Vermont college kids voted for Barack Obama, but how many of them actually know what his plan is for higher education, and how it will affect them?
One thing Obama stresses is that he would like higher education to be more accessible, and so, he proposed a fully refundable tax credit to cover the first $4,000 in college tuition costs. Not just any tax credit, this is the American Opportunity Tax Credit. According to Obama, "This universal and fully refundable credit will ensure that the first $4,000 of a college education is completely free for most Americans, and will cover two-thirds the cost of tuition at the average public college or university and make community college tuition completely free for most students." The only requirement for the money would be 100 hours of public service per year.
Yes, that's nice and all but let's be honest, it's a small drop in a big bucket. The real issue is the outrageous cost of college, something I'm not sure Obama's plan reduces. It's not $4k each semester, this is a one-time-thing.