The Detroit News. Leonard Klein, who has a daughter in college and another in high school, said he supports any new ways to pay for higher education. Anything they can do to help finance higher education would definitely be an improvement.
College is expensive.
But Democrats said the ideas don't go far enough, especially for middle-income families who aren't eligible for financial aid and have difficulty saving for college. Those who don't pass would get one year of tuition and must meet academic standards to earn a second year. New education savings accounts. Interest would be tax-deferred until the student starts college, and then would be taxed as the student's income. Continue paying state incentive bonuses to colleges that hold tuition increases at the rate of inflation.