Word: tuitions
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Just last month, the College Board reported that tuition continues to rise faster than family income, even amid a booming economy. So which presidential candidate offers the most help to strapped parents and students? Well, it depends on their circumstances. Surprisingly, families above the median income would get more help from the Democrat, while the Republican would extend more financial aid to the poor...
...Gore's plan is built around tax-based enticements. He would spend a whopping $36 billion on income tax credits to offset the costs of college tuition. A family could receive as much as $2,800 in tax credits each year for tuition and fee payments. Taxpayers would also be allowed to sock away as much as $2,500 a year in new tax-advantaged accounts, similar to 401(k)s, which they could tap at any age for higher education or job training. And Gore would spend $2 billion nationalizing a program, already in place in some states, that...
Ivan Frishberg, director of the higher-education project for the State Public Interest Research Group in Washington, notes that for the sum Gore proposes to spend on tax breaks for tuition, he could fully fund Pell grants to send low-income students to four years of college--and would have money left over to offer tax credits for interest paid on student loans...
EDUCATION Bush advocates school vouchers, which offer little more than a down payment on private-school tuition and draw tax money away from public schools. Gore will give $115 billion over 10 years to increase the federal contribution to state and local governments. Today's generation of students is the largest in American history, and 97% of them go to public schools. The nation survives on learning. Is public education worth saving? Let's have a show of hands...
When Sherri Larsen casts her vote for President, she will be thinking of her first-grade son. A divorced mother of three on a pinched budget, Larsen could not afford preschool tuition. But thanks to Georgia's pioneering universal pre-K program, which guarantees each of the state's four-year-olds a year of school, she didn't pay a cent. Her son entered kindergarten fully versed in his ABCs and is now reading a year ahead of pace. Says Larsen: "I just can't believe this program isn't available in other states...