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Asgard Device
The Daedalus
Member since Apr 2011
2789 posts

Pay It Forward' Plan In Oregon Would Make Tuition "Free" At State's universities


quote:

The concept – called Pay It Forward – calls for students to attend public universities tuition free and loan free. In exchange, students would have 3 percent deducted from their post-graduation paychecks for about a quarter-century. The money would go into a fund to pay for future students.


LINK

Interesting idea, I suppose.



This post was edited on 7/7 at 1:29 am



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Quentin Compson
LSU Fan
Member since Jun 2013
3117 posts

re: Pay It Forward' Plan In Oregon Would Make Tuition "Free" At State's universities


How will they control the enormous increase in demand for college?





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JLSIX
New Orleans Saints Fan
Member since Apr 2010
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re: Pay It Forward' Plan In Oregon Would Make Tuition "Free" At State's universities


That's absolutely fricking retarded.

3% of playing bongos and odd jobs = bankruptcy of the system.






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Ace Midnight
LSU Fan
Ball, LA - Home, Sweet Home
Member since Dec 2006
26252 posts

re: Pay It Forward' Plan In Oregon Would Make Tuition "Free" At State's universities


Nothing's free, brah.

The sooner reasonable people accept that, the better.






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THRILLHO
New Orleans Saints Fan
New Orleans, LA
Member since Apr 2006
32784 posts

re: Pay It Forward' Plan In Oregon Would Make Tuition "Free" At State's universities


So a doctor/engineer goes to school and pays 3% of their six figure per year paycheck to help fund liberal arts majors, who have 3% taken out of their $2.50/hr check from waiting tables?





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Quentin Compson
LSU Fan
Member since Jun 2013
3117 posts

re: Pay It Forward' Plan In Oregon Would Make Tuition "Free" At State's universities


quote:

So a doctor/engineer goes to school and pays 3% of their six figure per year paycheck to help fund liberal arts majors, who have 3% taken out of their $2.50/hr check from waiting tables?
Yep. Why on earth would someone who goes into a high paying major want to be involved with this? It's basically extreme progressive taxation. One could theoretically get a free education and not pay a penny if they remain unemployed. Holy shite.






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Asgard Device
The Daedalus
Member since Apr 2011
2789 posts

re: Pay It Forward' Plan In Oregon Would Make Tuition "Free" At State's universities


quote:

So a doctor/engineer goes to school and pays 3% of their six figure per year paycheck to help fund liberal arts majors, who have 3% taken out of their $2.50/hr check from waiting tables?



It's a moral hazard, but why would a doctor choose to fork over 3% of their income for the next 24 years, when they could just go get a student loan?

When they come up with the formula they would need to take into account exactly what kind of people would sign up for this program. Also, they need to figure out how many students are going to claim residency in Oregon just to do this shite.






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Quentin Compson
LSU Fan
Member since Jun 2013
3117 posts

re: Pay It Forward' Plan In Oregon Would Make Tuition "Free" At State's universities


quote:

When they come up with the formula they would need to take into account exactly what kind of people would sign up for this program. Also, they need to figure out how many students are going to claim residency in Oregon just to do this shite.
This plan will require extremely efficient planning. I don't think any government could make it work.






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RogerTheShrubber
LSU Fan
Juneau, AK
Member since Jan 2009
87623 posts

re: Pay It Forward' Plan In Oregon Would Make Tuition "Free" At State's universities


What happens to those who don't graduate?





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Asgard Device
The Daedalus
Member since Apr 2011
2789 posts

re: Pay It Forward' Plan In Oregon Would Make Tuition "Free" At State's universities


quote:

What happens to those who don't graduate?



They will probably pro-rate it.






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Quentin Compson
LSU Fan
Member since Jun 2013
3117 posts

re: Pay It Forward' Plan In Oregon Would Make Tuition "Free" At State's universities


From the comments:

quote:

Love it... But they need to include a salary point where it takes effect. 3% to someone earning $35,000, or $1,050, can make a big difference in their quality of life. Just a thought.
Basically they want to turn the whole thing into a welfare program.






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RogerTheShrubber
LSU Fan
Juneau, AK
Member since Jan 2009
87623 posts

re: Pay It Forward' Plan In Oregon Would Make Tuition "Free" At State's universities


Yeah, I see that now at the bottom of the article.





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lsutothetop
Columbia Fan
Member since Jul 1985
Member since Jul 2008
9949 posts
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re: Pay It Forward' Plan In Oregon Would Make Tuition "Free" At State's universities


Neat idea, but I can't see how this is sustainable at all.





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rintintin
New Orleans Saints Fan
Life is Life
Member since Nov 2008
7028 posts
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re: Pay It Forward' Plan In Oregon Would Make Tuition "Free" At State's universities


What a terrible idea. Have they (the gov) not learned what happens when they give out "free" shit? People take advantage of the system.

I can see it now, someone goes to 7 semesters in Oregon, then transfers out of state to finish up.






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Asgard Device
The Daedalus
Member since Apr 2011
2789 posts

re: Pay It Forward' Plan In Oregon Would Make Tuition "Free" At State's universities


quote:

I can see it now, someone goes to 7 semesters in Oregon, then transfers out of state to finish up.



It's probably a bad idea, but they're covered in your scenario because Oregon would still get ~2.6% of their income for 24 years.






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Quentin Compson
LSU Fan
Member since Jun 2013
3117 posts

re: Pay It Forward' Plan In Oregon Would Make Tuition "Free" At State's universities


quote:

What a terrible idea. Have they (the gov) not learned what happens when they give out "free" shit? People take advantage of the system.
There are too many people going to college, anyway. This will just make it worse.






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JLSIX
New Orleans Saints Fan
Member since Apr 2010
21519 posts
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re: Pay It Forward' Plan In Oregon Would Make Tuition "Free" At State's universities


2.6% of little income over 24 years means way in the red





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Vols&Shaft83
Tennessee Fan
Member since Dec 2012
8723 posts
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re: Pay It Forward' Plan In Oregon Would Make Tuition "Free" At State's universities


quote:

There are too many people going to college, anyway. This will just make it worse. 


You must hate poor people. Which means you hate black people. Racist. Homophobe. Fear monger. Tea partier. Barbara Streisand.






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GeauxWrek
USA Fan
Somewhere b/w Houston and BR
Member since Sep 2010
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re: Pay It Forward' Plan In Oregon Would Make Tuition "Free" At State's universities


Sweet, another way for colleges to justify biannual tuition increases. With more and more of the student body on the take, less will complain about paying more on these unjustifiable hikes. As if student loans haven't already allowed this behavior to go unchecked, this will make tuition prices un bearable for those not on the system.





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Homesick Tiger
LSU Fan
Greenbrier, AR
Member since Nov 2006
12440 posts
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re: Pay It Forward' Plan In Oregon Would Make Tuition "Free" At State's universities


A more sensible plan, if possible, would be to have the hiring company pay off the balance of a student's loan when hired. Let the student pay it back to the boss. Just get the government out of the equation.

I'm sure businesses would do a better job of getting their money back as opposed to govt.






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