McCain: Cost of Higher Education

John McCain, US Senator (R-AZ), stated in a Feb. 25, 2000 The Chronicle of Higher Education article titled "Q&A: The Candidates on College Issues":
"By far, I believe the skyrocketing costs of tuition at colleges and universities across our nation is the biggest obstacle facing those who want to continue their education. Over the last 20 years, the average tuition at public educational institutions has increased by 400 percent, while tuition at private institutions has increased more than 440 percent. These are unnerving statistics for parents just starting their families, but they are a terrifying reality for parents with college-bound children. We must do more to make college affordable for all Americans. That is why I have proposed a tax plan that allows Americans to keep more of their hard-earned money to be used for their priorities, including higher education. In addition, I will increase the annual amount families can save in tax-free Education Savings Accounts for college expenses. I will encourage and reward savings and investment by establishing new, tax-deferred Family Security Accounts which can be used for higher education. And I will continue to support funding as generously as possible federal programs, such as Pell Grants, that help make higher education affordable for all Americans."Feb. 25, 2000 John McCain