Answer:
American taxpayers pay for free public education, less expensive state colleges and universities, and for federally sponsored low-interest college loans through a combination of federal, state, and local taxes. The majority of funding for public education comes from state and local taxes, while the federal government provides additional funding through programs like Title I, which provides financial assistance to schools with high numbers of low-income students. State colleges and universities also receive funding from state and local taxes, as well as from tuition and fees paid by students. Federally sponsored low-interest college loans are funded through the federal government, which borrows money from the Treasury Department and then lends it to students at a lower interest rate than they would be able to obtain from private lenders. Repayment of these loans is also funded by taxpayers, as the federal government guarantees these loans and may absorb some or all of the losses if borrowers default.
Step-by-step explanation: