Buttigieg Wants Public College Free for Some: Campaign Update




(Bloomberg) -- Pete Buttigieg called for spending $120 billion on the Pell Grant program and making public colleges tuition-free for students eligible for those federal grants as part of his proposal released Monday to improve college affordability.

Unlike some of his primary opponents, Buttigieg isn't calling for public colleges to be tuition-free for all students, or for total student-debt cancellation. He's said families that make over a certain income threshold should pay at least some of the cost of their kids' higher education. The plan released Monday focuses on helping lower- and middle-income families.

The proposal also calls for a $2 billion pilot program to expand the free and reduced-price lunch program to provide food vouchers to students in community college, and for automatically enrolling students who take out loans for college in affordable, income-driven repayment plans.

Buttigieg also said he'd support legislation that would allow student-athletes to get paid for the use of their likeness, saying he supports California's new Fair Pay to Play Act. The South Bend, Indiana, mayor also proposed extending Pell Grants to Deferred Action for Childhood Arrival recipients, and increasing funding for historically black colleges and universities and other minority-serving institutions by $50 billion.

The Buttigieg campaign said details about how the plan would be funded would come at a later date.

COMING UP

Ten candidates have qualified for the fifth Democratic debate, on Wednesday in Atlanta: Joe Biden, Elizabeth Warren, Bernie Sanders, Buttigieg, Kamala Harris, Amy Klobuchar, Andrew Yang, Tulsi Gabbard, Cory Booker and Tom Steyer.

To contact the reporter on this story: Tyler Pager in Washington at tpager1@bloomberg.net

To contact the editors responsible for this story: Wendy Benjaminson at wbenjaminson@bloomberg.net, Ros Krasny

For more articles like this, please visit us at bloomberg.com

©2019 Bloomberg L.P.

COMMENTS

More Related News

Fuel Cell Stock Rallies to 17-Year High After China Order
Fuel Cell Stock Rallies to 17-Year High After China Order

(Bloomberg) -- Shares of Ballard Power Systems Inc. rallied to a 17-year high after the company announced a $7.7 million order from China.The Vancouver-based hydrogen fuel-cell maker jumped as much as 8.3% to its highest since December 2002 after the receiving a purchase contract from Guangdong Synergy Ballard Hydrogen Power Co., a 10%-owned joint venture located in China.The company's technology currently powers over 650 electric buses and more than 2,200 electric trucks in China, according to Alfred Wong, managing director at Ballard."This follow-on order from the Synergy-Ballard joint venture is an important indicator of the continued progress and market demand for Ballard fuel cell...

World
World's Largest Pension Fund Loses $165 Billion in Worst Quarter

(Bloomberg) -- The world's biggest pension fund posted a record loss in the first three months of 2020 after the coronavirus pandemic sparked a global market rout in the period.Japan's Government Pension Investment Fund lost 11%, or 17.7 trillion yen ($164.7 billion), in the three months ended March, it said in Tokyo on Friday. The decline in value was the steepest based on comparable data back to April 2008, reducing the fund's total assets to 150.63 trillion yen. Foreign stocks were the worst performing investment, followed by domestic equities.The results come just months after the fund revamped top management and revised its asset allocation to focus more on overseas debt. The loss,...

Texas Makes Face Masks Compulsory in Reversal by Governor
Texas Makes Face Masks Compulsory in Reversal by Governor

(Bloomberg) -- Texas Governor Greg Abbott ordered residents to wear face coverings in public amid a spike in Covid-19 cases across the second-most populous U.S. state.In a reversal of his months-long opposition to such a mandate, Abbott on Thursday said the order applies to all counties with 20 or more

Elon Musk Taunts the SEC Amid Surge in Tesla Stock Price
Elon Musk Taunts the SEC Amid Surge in Tesla Stock Price

(Bloomberg) -- Elon Musk provoked the U.S. Securities and Exchange Commission in the course of taking a victory lap on Twitter over Tesla Inc.'s surging share price.The chief executive officer first taunted short sellers in a string of tweets, writing that the electric-car maker would "make fabulous short shorts in radiant red satin with gold trim." That's an apparent reference to jokes he's repeatedly made about sending "short shorts" to investors who bet against Tesla's shares, such as hedge fund manager David Einhorn.Musk, 49, then wrote Thursday that he would send shorts to the SEC, referring to the agency again as the "Shortseller Enrichment Commission." He first used that phrase in...

Judge Sides With Guaido in $1 Billion Venezuela Gold Fight
Judge Sides With Guaido in $1 Billion Venezuela Gold Fight

(Bloomberg) -- A London judge delivered a blow to Venezuelan President Nicolas Maduro's attempt to retrieve $1 billion of gold in Bank of England vaults, ruling that opposition leader Juan Guaido should be recognized as the country's interim president.In deciding the ownership of the gold, the court should accept the U.K. government's "unequivocal" recognition of Guaido, Judge Nigel Teare said Thursday. The decision dismisses the attempt by Maduro-appointed executives at Venezuela's central bank to set aside the comments.The bank sued the BOE to get the gold that it says is urgently needed in a joint effort with the United Nations Development Fund to fight the Covid-19 pandemic. The...

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

Top News: Latin America