If research shows that providing a free first year of university education in the U.S. could save students $63.4 billion annually while costing only $331 million, does this prove that free education is financially viable?

Recent research has quantified the costs and savings of offering a free first year of university education in the U.S. Using open-source virtual classes and national exam proctoring, the total cost would be $331 million—less than 1% of the U.S. Department of Education’s annual budget. In contrast, students would save $63.4 billion per year in tuition and living expenses. Does this evidence prove that free education is financially feasible, or are there hidden challenges that make implementation unrealistic?

Read more: First Step to Scaling Innovation at the National Level in the U.S.: Economic Costs and Savings for Free First Year of National University Education"

Submitted January 31, 2025 at 12:40PM by hollywallym https://ift.tt/HjuBlyU