For those who don't know, Senator Joe Biden is a Democratic presidential
candidate. During the first presidential debates, he received lots of
good reviews and did exceptionally well. So I checked this guy out and
what his positions are and I found this article:
Sen. Joe Biden today outlined the details of his plan to make college affordable by creating the College ACCESS credit, a $3,000 refundable tax credit for families making up to $166,000 a year.
"The responsibility lies with America's leaders to establish new policies that will enable the restoration of the middle class..."
Building on his long record of supporting substantial tax incentives to help low and middle class families, Biden's College ACCESS credit would cover the average cost of tuition at a public two-year college and would cover approximately half of the average cost of tuition at a public four-year college by:
Consolidating two existing tax incentives – the Hope Scholarship Credit and the tuition and fees deduction – and replacing them with a single $3,000 refundable tax credit that is the equivalent of a $12,000 deduction.
Expanding income limits so that most families are eligible for the tax credit and making it refundable so that families of all income backgrounds get the same benefit.
Simplifying the existing higher education tax incentives to make it easier for families to understand and navigate the maze of incentives.
Additionally, the Biden College ACCESS Plan would increase the maximum Pell Grant to $5,100 immediately, followed by increases of $300 per year for the next five years. And, the Biden plan will begin the conversation with students earlier by committing Pell Grants to students in the 8th grade.
"Last year, 400,000 young men and women got into college but were unable to go because their families could not afford it. Unless America changes course, it is estimated that over the next decade 2 million college-ready students are in danger of not attending college because they can't afford it... I believe my plan provides the measures by which to make a college education a reality for all students, no matter what their economic means are."
-joebiden.com (parts cut out of article to save space)
so what do you all think about his plan? I know the other candidates have plans as well, but this one stood out to me especially because it proposed 2 years free and since we all are on here for this reason, I thought I'd share.
Sen. Joe Biden today outlined the details of his plan to make college affordable by creating the College ACCESS credit, a $3,000 refundable tax credit for families making up to $166,000 a year.
"The responsibility lies with America's leaders to establish new policies that will enable the restoration of the middle class..."
Building on his long record of supporting substantial tax incentives to help low and middle class families, Biden's College ACCESS credit would cover the average cost of tuition at a public two-year college and would cover approximately half of the average cost of tuition at a public four-year college by:
Consolidating two existing tax incentives – the Hope Scholarship Credit and the tuition and fees deduction – and replacing them with a single $3,000 refundable tax credit that is the equivalent of a $12,000 deduction.
Expanding income limits so that most families are eligible for the tax credit and making it refundable so that families of all income backgrounds get the same benefit.
Simplifying the existing higher education tax incentives to make it easier for families to understand and navigate the maze of incentives.
Additionally, the Biden College ACCESS Plan would increase the maximum Pell Grant to $5,100 immediately, followed by increases of $300 per year for the next five years. And, the Biden plan will begin the conversation with students earlier by committing Pell Grants to students in the 8th grade.
"Last year, 400,000 young men and women got into college but were unable to go because their families could not afford it. Unless America changes course, it is estimated that over the next decade 2 million college-ready students are in danger of not attending college because they can't afford it... I believe my plan provides the measures by which to make a college education a reality for all students, no matter what their economic means are."
-joebiden.com (parts cut out of article to save space)
so what do you all think about his plan? I know the other candidates have plans as well, but this one stood out to me especially because it proposed 2 years free and since we all are on here for this reason, I thought I'd share.



