Here’s some food for thought: If you want to go to college but you don’t have the money to attend, what do you do? Some students apply for scholarships, others seek financial aid, and some might take out a loan. Those are all fine solutions for paying for college, but sometimes the idea of not having the means to go to college results in … well … not going to college. That’s a big problem, and one that several states (and some cities) in the United States are trying to solve by passing bills offering students free or reduced college tuitions. Recently, the state of Washington passed the Workforce Education Investment Act, a bill that would help increase educational financial aid to families who need it. Where would this money come from? Businesses. Genius, right? We think so. Who better to invest in education than those who need an educated workforce? Starting in 2020, Washington-based businesses will pay a higher tax. The approximately $1 billion raised from this tax will help provide financial aid for qualified students who need it, and funds to programs targeted at in-demand fields such as computer science and engineering at public colleges and universities. It’s expected that each year, approximately 110,000 low- to medium-income students will benefit from this bill.
What are some other innovative ways to help get kids to college?