Barack Obama is on a whirlwind tour of the country this week, touting his administration's success in resurrecting the economy. Yesterday, he announced that home prices have risen under his watch and the real estate market is recovering, and in response, he's again lowering the requirements to get an FHA mortgage, because if there was anything that was totally not responsible for tanking the housing market, it was giving unqualified people mortgages.
Today, he followed up that remarkable policy pronouncement with something even bigger. Now, when you finish high school, you can get two more years for free!
President Barack Obama will need the approval of Congress to realize his proposal for making two years of community college free for students.
So far, that plan doesn’t have an official price tag — other than “significant,” according to White House officials. If all 50 states participate, the proposal could benefit 9 million students each year and save students an average of $3,800 in tuition, the White House said.