Barack Obama 's New College Compact, And How The Compact Will Alleviate The Cost Barriers

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Introduction
College tuition has increased throughout the past decade, with little change on making the costs more affordable. With the recession state spending on higher education has decreased by 20 percent, and colleges have raised tuition, passing the costs onto students and their families. This paper will analyze Hillary Clinton’s New College Compact, and how the compact will alleviate the cost barriers and allow for affordable, higher education. Using Standfort & Moulton’s multilevel and effective policy implementation practices, this paper will discuss the merits of the plan and how well the College Compact attempts to solve college affordability, but does not take into effect the unintended consequences, such as, actor cooperation or the specifics on how the policy will gain funding.

Background
Financial barriers for higher education has climbed over the last ten years. Today, over 40 million Americans have student loans. Of these 40 million, most individuals are struggling to maintain payments on the loans (Hillary for America, 2016). Since 2004, the tuition for in-state colleges and universities has risen by about 42 percent and with the recent Great Recession, states have continued to decrease spending on higher education at a rapid rate (Hillary for America, 2016). It is estimated that states are only contributing around $1,805 per student, which is estimated to be 20 percent less than what was contributed only seven years’ prior. The federal government in

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