President Biden has proposed making community college tuition-free nationwide, believing it's a better way to tackle college affordability than student loan forgiveness. While a federal plan isn't underway yet, 35 states have implemented programs to cover remaining tuition after financial aid. New Mexico's Opportunity Scholarship stands out for extending benefits to adult learners and immigrants, and has seen a significant increase in college enrollment since its launch.
For the second year in a row, fewer students earned college degrees, a trend fueled by rising costs and student debt. Despite this decline, more students than ever earned certificates. This suggests a shift towards shorter-term and vocational programs, as students prioritize job training over traditional four-year degrees. The decline in degrees is also attributed to the ongoing pandemic, a problematic FAFSA process, and state funding cuts for higher education.
President Biden's budget for 2025 proposes expanding free community college access, raising Pell Grants, and creating a "Reducing the Costs of College Fund." These initiatives aim to make higher education more affordable and accessible, following the Supreme Court's rejection of the student loan forgiveness plan. This move contrasts with the cuts proposed by Biden's potential Republican opponent, Trump, during his presidency and reflects Biden's commitment to education and reducing student debt.
