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Democratic presidential candidate John Edwards proposed an $8 billion scholarship program that would pay the first-year bills for nearly every college student in the country.
SPENDING: The former North Carolina senator said eliminating bank subsidies for student loans would free up about $5 billion. Another $3 billion could come from various sources, including windfall profit taxes for oil companies or a restructuring of capital gains taxes.
SNOW HILL: Edwards has been testing the program at a high school in Snow Hill, an impoverished rural town about 60 miles southeast of Raleigh. Nearly three-quarters of graduating seniors are now bound for college, compared to the 54 percent who enrolled in college before the privately-funded program began in 2005.
Source : hendersonvillenews.com
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