Date: January 11th, 2017 11:57 PM
Author: :D (5000 mcg B12/wk, 150 mcg iodine/day, 250 mg algal DHA-EPA/day)
The plan, dubbed the "Exelsior Scholarship" is similar to schemes proposed by both Sanders and Hillary Clinton. It creates a new pot of money for the colleges to draw from, and apply it to tuition charges.
This in itself, would be a good thing for students if all else were equal, but the fact of the matter is that colleges are very good at using public funds such as this without passing the benefit on to students.
They can, and certainly will, raise the prices of their other billable items to make up for any decrease in tuition charges.
A good, recent example of this phenomenon occurred in 2009 when the Ensuring Continued Access to Student Loans Act of 2009 (ECASLA) increased aggregate and unsubsidized Stafford loan limits for undergraduate students.
Despite the fact that the country was in a serious recession, colleges across the nation began increasing their prices at record levels, and student loan borrowing accelerated at a rate never before seen in this nation.
The schools will increase their dorm prices, their fees, and other areas where they can bill students. So ultimately this benefit accrues to the schools, not the students or their families. Where is the good in that?