ENGINEERING ECONOMIC VITALITY FOR ALL
HOW FREE COLLEGE WORKS
The Escalating Cost of College
Today the escalating cost of college is an enormous hurdle, and total student debt exceeds $1.6 trillion.
Just as easy credit for home buyers led to unrealistically high home prices, easy credit for students has enabled college tuition that is too high.
HOW THE CHALLENGE PROGRAM WORKS
The Challenge Program provides students a free education at schools offering a full year’s tuition for $10,000 or less. It does not go towards tuition at schools where the cost of tuition is higher than $10,000. Thus, the free market will cause colleges to find a way to lower their tuition to $10,000.
The Challenge Program drives down the cost of college and encourages a wide variety of cost effective post-secondary options for students that lead to jobs.