San Francisco Mayor Ed Lee along with City College of San Francisco Jane Kim Supervisor revealed on Monday of providing free tuition fee for San Francisco residents. The announcement is music to the ears of both students and parents, especially for those less average families. The free college offer would be the first in the United States.
Based on the stated agreement as reported by CNBC, San Francisco will support City College of San Francisco annually with almost $5.4 million. The said generous project will be implemented in the fall. Additionally, the pledge will offer full-time students who belong to the low-income families with fee waivers from the state worth $250 every semester.
"Making City College free is going to provide greater opportunities for more San Franciscans to enter into the middle class and more San Franciscans to stay in the middle class if they currently are," stated to a local station named KGO-TV.
Kim added that even the kids of the Facebook founders can take advantage of the great opportunity that will be provided to the students of the City College of San Francisco. City leaders decided to become the primary city in the nation to provide its residents the so-called 'basic human right'.
Students who take two-year community college in the City College of San Francisco, currently pay $46 a credit. Almost 28,000 students will profit from the program. The wonderful project applies to any San Francisco residents provided they have resided in the city for a year or so.
According to the Zero Hedge report, the amount of $250 per semester will be utilized by the City College of San Francisco students who are full-time but belong to the low-income family. The money will be spent on books, transit, health expense, and school supplies. The part-time students who possess fee waivers will receive $100 every semester for the exact objectives.
To assist in the development and implementation of the changes in the city of San Francisco, there will be an additional funding of $500,000. San Franciscans agreed on a policy regarding property transfer tax to help pay for the agreement. The tax applies to properties which are sold at more than $5 million.
