SO WHAT IS THE COST OF A TERTIARY-LEVEL EDUCATION AT A PUBLIC SCHOOL?
My post above prompted me to ask the above question. And the answer aint eazy.
But, I'll have a go at a preliminary estimate by making some very general assumptions in order see how the numbers work-out.
Because Hillary had adopted Bernie's idea (that he'd got from Europe) to make tertiary-level education free, gratis and for nothing. For every household below the median wage - which is about $56.5K per family. So, what percentage of households have less than the median wage?
Looking at this chart
here, I'd say it's around a third of the total population. So, what is the total population in terms of "households"? It's about 126 million, so a third of that is 126/3= 42 million.
And how many kids per family. The average is 2.4. But, what is the likelihood that both would be going to post-secondary education in any given year. Only one of them per family. So, the number is actually closer to 1.2 children per family.
At the very most the Federal government would be responsible for free post-secondary education (vocational, 2 or 4-year or more) for 50 million American children. So, how much is the average cost of a post-secondary education at a state school in America?
The Federal Government would reimburse the
total public-school tertiary-level educational cost estimated as such (from
here):
According to College Board, published tuition fees for 2017/18 at state colleges are an average of US$9,970 for state residents
So,
teaching at a tertiary-level education 50 million American children at a state-university would cost annually about $500B.
The DoD budget for this year is $639B ...
PS: If you see any mistakes in the above, please reply!