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Old 07-04-2013, 09:30 AM   #1
Lamplighter
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Join Date: Jun 2010
Location: Bottom lands of the Missoula floods
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From what I am reading, the issues are along the lines of...
1) If a student can't afford today's tuitions, he/she won't go to college at all.
2) Student loan programs are getting major cuts for graduate degrees
3) On graduation, the student is not in debt with student loans.

Here is one article...
Quote:
The Pay It Forward solution offers students access to higher education without debt.
Students at public universities and community colleges would pay no tuition up-front.
In exchange, they would agree to pay a small percentage of their income
(1.5% for community college, or 3% for a 4 year school) for 20 years
to “pay forward” the cost of instruction for the next generation of students.<snip>

Over time, the Pay It Forward plan will create a stable funding stream for Oregon public higher education.
As more students graduate and pay in, the fund will grow, allowing more students to participate.
In the article's example, even at an eventual income of $60,000/yr,
the "student" would be paying about the same total as the current student loan debt
(e.g. $1,800 x 20 yrs = $36,000)

Last edited by Lamplighter; 07-04-2013 at 09:44 AM.
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Old 07-04-2013, 10:02 AM   #2
tw
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Join Date: Jan 2001
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Quote:
Originally Posted by Lamplighter View Post
In the article's example, even at an eventual income of $60,000/yr, the "student" would be paying about the same total as the current student loan debt
In tandem is the benefit of that education. Listed are some of the worst. How to finance it is analogous to what is being purchased.

13 Colleges That Aren't Worth the Money
and 13 Colleges That Aren't Worth The Money

One college is nearby The Cellar.
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