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re: Oregon thinking outside of box -- Free Tuition

Posted on 11/19/14 at 2:39 pm to
Posted by StringedInstruments
Member since Oct 2013
18470 posts
Posted on 11/19/14 at 2:39 pm to
quote:

3% of their income for 20 years after they leave college


Little confused.

What if 3% of their income for 20 years is more than their tuition?

You can go to an in-state SEC school for $24k on tuition alone. You could pay that off with $500/month payments for four years. $250/month payments for eight.

Does this "3% of income" also cover books, room, board? If not, then you're paying 3% for 20 years plus whatever loan you're having to take out to cover the other costs.

Posted by LSUGUMBO
Shreveport, LA
Member since Sep 2005
8543 posts
Posted on 11/19/14 at 3:25 pm to
quote:

You can go to an in-state SEC school for $24k on tuition alone. You could pay that off with $500/month payments for four years. $250/month payments for eight


Where are you finding A) $6k/year tuition and B) an interest free loan for 8 years (assuming the 4 years you refer to are the 4 following college)

For next year, LSU is $8700/yr (estimated), and from some quick research, that looks like it's about the middle of the road (Mississippi schools are about $7k, Alabama schools are $10k+), and that's just tuition/fees.
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