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Backed by Bernie Sanders, this governor's plan for free college could be a game-changer.

"Other countries have already done it. It's time this country catches up."

New York Gov. Andrew Cuomo just announced a landmark plan to make college tuition-free for low- and middle-income families in New York.

The plan is called the Excelsior Scholarship, and it will take effect over the next three years, applying to any student attending a two- or four-year state or city university whose family earns less than $125,000 a year.

Considering that the median household income in New York state was $60,850 in 2015, this could make a huge difference for many families trying to send their kids to college.

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