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Oregon’s new “Pay it Forward” tuition plan, which would “enable students to attend state schools [in Oregon] with no money down… by paying 3% of their salaries… into a special fund annually for 24 years,” has been pretty well received among progressives. Laura Clawson at Daily Kos writes that “such a program would encourage risk-taking and dream-following, with new graduates not starting their working lives saddled with tens of thousands of dollars in debt.”
Originally posted by tw0330
Another question is whether this transfers to other schools. If you start out at a community college and transfer to a state university, will they now have to pay 6% instead of 3%? What if someone Changes majors and instead of 4 years they go 6.
How about Room and Board?
There are a lot of questions that need to be answered here.
I think it is a good start, but should be fined tuned a bit more.
edit on 6-7-2013 by tw0330 because: (no reason given)
Originally posted by Wrabbit2000
reply to post by benrl
I think you hit it 100% dead on there. I wish wish wish WISH I had done at 21yrs old, what I am doing now. I just faced what you say, right there. How to pay school costs AND pay bills to keep a house running at the same time?
Little did I know the standard student loan package is figured out to be a few times more that school costs, to account for a lower standard of bill and living expenses. Of course, once interest is tallied out, that will be far far more to pay off than 3% for 24 years would have come to.
I'd love to see this program and it sounds fair if the proceeds are truly used as stated and not another addition to "General Funds" of anyone. Education isn't a "I win, you lose" type of thing. It's advancing all of society as a whole and keeping it advanced. Insane examples of curricula aside...It's a net positive for everyone together.
The total tuition cost would only be about 3 to 4 thousand (at a state community college), they end up working a well paying job somewhere and in turn gets paid pretty well. Now they are subject to pay that 3 percent for 24 years even though they didn't get a chance to utilize the program.
Originally posted by tycoon
reply to post by benrl
This is indeed one of the most important step taken by the government but at the same time it will be not fair for some poor students who are spending their whole day in dong some sorts o part time jobs just to earn their livelihood