"Tuition at public colleges came to $62.6 billion in 2012, according to the latest government data. That’s less than what the government already spends to subsidize the cost of college through grants, tax breaks, and work-study funds, which comes to about $69 billion. It spends another $107.4 billion on student loans. That means that with the money it already spends to make college affordable, the government could instead subsidize public college tuition, thereby making it free for all students. This would not just mean anyone could attend a higher education institution without worrying about cost, but it could incentivize private ones to reduce their costs in order to compete with the free option."
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