This article originally appeared at the Weekly Standard. Click here to read the full story.
By Ike Brannon
New York governor Andrew Cuomo, not content with President Obama’s proposal to make junior colleges free, recently introduced his own plan for New York to essentially waive the first two years of student debt payments for college graduates living in the state.
As such plans go, this is par for the course — it wouldn’t do a damn thing to make college more affordable for anyone, much like the president’s uninspired proposal to make junior college tuition free for all. Most of the benefits will go to the wealthy, once they figure out how to game the system.