Starting in the fall of 2017, The city of San Francisco will become the first United States city to offer Tuition-free college. Something I am hopeful becomes a trend in America. As interesting as it sounds my first question was, How is the city paying for this?
San Francisco has a transfer tax for properties that sold for over $5 million. This tax money will be used to fund the Tuition-free college program. The city of San Francisco plans to give City College of San Francisco over $5 million a year to fund this program.
In order to attend City College of San Francisco tuition free you have to be a resident of San Francisco for at least one-year. Low-income students will get money for books and other supplies along with free tuition. Low-income full-time students will get $500, while low-income part-time students will get $200.
New York City may be the next city that offers a version of tuition-free college in the future.