A few years ago when the debate about tax rates for the rich was raging some of us made the point that as time went on the political definition of “rich” would be defined down to include the middle class. Well, it looks like that prediction has come true. President Obama’s plan for college accountability and affordability will, among other things, discriminate against families that earn more than $60,000 per year.
President Barack Obama’s college reform plan, released by the White House on Thursday, would encourage colleges to discriminate against applicants who come from families with total incomes of $60,000 or more by awarding colleges higher federal ratings and increased federal aid for admitting a higher “percentage” of students who receive federal Pell Grants, which the Department of Education says are for “low-income” students.
According to a study by the Congressional Research Service, in the 2007-2008 school year, only 2.3 percent of undergraduates who were still dependent on their parents, and whose total family income was $60,000 or more, received Federal Pell Grants.
According to the College Board, in the 2010-2011 school year, only 5 percent of all Pell Grants were distributed to dependent students whose total family income was $60,000 or more.
Colleges that admit and graduate a higher “percentage” of students on Pell Grants–as the Obama plan would encourage them to do–will necessarily admit and graduate a lower percentage of students who are not on Pell Grants. (Read More)
Hey, what did you expect from the class warfare president.