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Published: Oct 06, 2020 6 min read
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Democratic presidential nominee Joe Biden's plan to offer free tuition to most public college students would pay for itself within 10 years, according to a report published Tuesday.

Biden's plan would cost an estimated $49.6 billion in its first year, with two-thirds of that cost covered by the federal government and the rest by states, according to the report from Georgetown University's Center on Education and the Workforce. But within 10 years, the yearly tax revenue from a more educated workforce would exceed the annual cost of covering college tuition, the authors write.

Biden has proposed free tuition at community colleges nationwide, and that tuition and fees would be free at all four-year public colleges and universities for students from families earning less than $125,000. Tuition would also be free at all historically black colleges and universities. In doing so, he adopted a plan similar to the one introduced by Hillary Clinton during the 2016 presidential election. In the years since, college affordability and free tuition has become a mainstay on Democratic party platforms.