Friday, August 15, 2014

Leticia van de Putte proposes Higher Education Slush Fund

"Dishonest scales are an abomination to the Lord,
But a just weight is His delight."
Proverbs 11:1

Well this is a terrible idea:
State Sen. Leticia Van de Putte, the Democratic nominee for Texas lieutenant governor, wants the state to invest $2 billion in a new fund to provide free community and technical college to graduating seniors.

The "Texas Promise" scholarship represents the first major higher education policy proposal in the race for the state's No. 2 job.

"As Lieutenant Governor, I'll put Texans and jobs first. It is time to remove the barriers. Every hard-working high school graduate in Texas deserves an opportunity to go to college, receive technical education and obtain post-high school credentials. It is time to get Texans prepared for the jobs of the future," Van de Putte said in a emailed statement.

Under Van de Putte's proposal, announced Thursday, voters would decide whether to approve a constitutional amendment to allocate $2 billion from the Rainy Day Fund to start the new "Texas Promise Fund."

Interest earned on the fund's investments would pay the community or technical college tuition for applicable students beginning in fall 2016. To be applicable, students would have to enter the program immediately after high school, qualify for in-state tuition by living in Texas for at least three years, maintain at least 12 hours a semester, among other requirements.

[Author's Note: Emphasis added]
Obviously, this won't work; any time government increases subsidies for college tuition, colleges increase their tuition by an according amount.

Bottom Line: Leticia's proposal would raid the rainy fund to create a 'scholarship fund' for the politically connected to dole out while making tuition inflation worse!!!


While we're on the subject of Higher education affordability, a Google search for "Leticia van de Putte Seven Breakthrough Solutions" yields bupkus.

1 comment:

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