President Obama's 'free college' plan would cost $60 billion

President Obama's 'free college' plan would cost $60 billion
(Image credit: Bill Pugliano/Getty Images)

Calling President Barack Obama's free college proposal a "significant investment," White House Deputy Press Secretary Eric Schultz gave the plan its price tag on Friday: $60 billion over the course of a decade.

"(The cost) is one the president believes is worthwhile, because we need to make sure that America's young people are getting the skills they need to succeed in the 21st century economy," Politico reports Schultz telling members of the media.

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Sarah Eberspacher

Sarah Eberspacher is an associate editor at TheWeek.com. She has previously worked as a sports reporter at The Livingston County Daily Press & Argus and The Arizona Republic. She graduated from Northwestern University's Medill School of Journalism.