Question
In2018,Gov.Larry Hogan signed a bill that will provide scholarships of up to$5,000for Maryland Community College students whose families earn less than$125,000per year.https://www.nbcwashington.com/news/local/Gov-Hogan-Signs-Bill-to-Offer-Free-Community-College-Tuition-482105591.htmlIt's Official_ Maryland Community
In2018,Gov.Larry Hogan signed a bill that will provide scholarships of up to$5,000for Maryland Community College students whose families earn less than$125,000per year.https://www.nbcwashington.com/news/local/Gov-Hogan-Signs-Bill-to-Offer-Free-Community-College-Tuition-482105591.htmlIt's Official_ Maryland Community Colleges to Offer Free Tuition in 2019 - NBC4 Washington.pdf. Given what you have learned about externalities, what are the concerns that this bill might present? What are the benefits? Should college tuition at 4 year schools be fully subsidized or partially subsidized (about 60% of tuition is subsidized at state schools) as it is now?
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