The Obama administration announced Thursday that it will propose two years of "free" community college, paid for by taxpayers, for students maintaining a "C" or better average. The federal government would finance three-quarters of the costs, and the administration says it hopes the remainder would be financed by states.
The White House claims the proposal will save students $3,800 per year in tuition costs. When asked about the cost of the proposal to taxpayers, the administration said it did not yet have a price tag, but that the cost would be "significant," according to Politico. President Obama is expected to share more details of the plan in his Jan. 20 State of the Union address.