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Old 07-07-2013, 01:33 PM
 
10,553 posts, read 9,649,020 times
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Quote:
Originally Posted by pghquest View Post

The school gets paid up front, not over 25 years.. The "high income earners" would result in the state getting the money, not the school.
And that's a problem, for a state to have more money?
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Old 07-07-2013, 01:33 PM
 
69,368 posts, read 64,108,083 times
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Quote:
Originally Posted by ellemint View Post
Yes they do. They will want to provide the highest-quality education they can so that their graduates will do as well as possible in their chosen fields. !
No they wouldnt. Their enticement would be to grow a college as big as they can to have the most students attend their college using whatever means is necessary, not at all limited to highest quality of education.
Quote:
Originally Posted by ellemint View Post
And the students have an incentive to contribute more to the fund, because no one is going to seek a lower income just so their 3 % is less than a high income earner--most people seek to maximize their pay no matter what field they are in!
I wonder how many people support this, but oppose the voucher program supported by Conservatives, even though its pretty much the exact same thing.
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Old 07-07-2013, 01:35 PM
 
69,368 posts, read 64,108,083 times
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Quote:
Originally Posted by ellemint View Post
And that's a problem, for a state to have more money?
How do you figure "more" money is a result? The state has to borrow around $9 BILLION to start the program, and at 3% of the yearly income, thats 75% of one years salary over 25 years..

And since its in future dollars, which will be about 1/2 of todays value, the state will be collecting about 37.5% of one years wages meaning that someone with a salary of $40K, would be paying about $20K for college to the state.

Since people now have about $40-$50K in loans, where do you think the balance will come from?
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Old 07-07-2013, 01:36 PM
 
Location: Portland, Oregon
46,001 posts, read 35,176,592 times
Reputation: 7875
Quote:
Originally Posted by pghquest View Post
Government subsidies ALWAYS increase the cost of programs

Even Biden admitted it. Biden Admits Government Subsidies Have Increased College Tuition | RealClearPolitics

The school gets paid up front, not over 25 years.. The "high income earners" would result in the state getting the money, not the school.
The schools are owned by the state of Oregon, they are not private schools. Also, how would this be any different than the current system of taking out loans? The school still gets paid up front, this is just a better way to see a return on students going to college in the state.
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Old 07-07-2013, 01:39 PM
 
Location: Portland, Oregon
46,001 posts, read 35,176,592 times
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Quote:
Originally Posted by pghquest View Post
The cost would be regulated?

Hows that regulation working out for you?
Cost of College Degree in U.S. Soars 12 Fold: Chart of the Day - Bloomberg

What the hell stops the growth in the cost under this program? Simply changing how its paid for, doesnt stop the need to pay for it..
Again, doesn't change anything other than letting students to go to college debt free and having their tuition be paid back on a sliding scale so that everyone is able to pay for the degree they earned.

Now you are just arguing against it just for the sake of arguing.
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Old 07-07-2013, 01:39 PM
 
69,368 posts, read 64,108,083 times
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Quote:
Originally Posted by urbanlife78 View Post
The schools are owned by the state of Oregon, they are not private schools. Also, how would this be any different than the current system of taking out loans? The school still gets paid up front, this is just a better way to see a return on students going to college in the state.
So government hasnt been able to keep the cost of education down, so the solution in your mind is to saddle the state with debt, in order to give people "free" education that will be paid for by future devalued dollars? And all of this will of course cause pressure on the private colleges (which might actually be a plan), and cause economic hardships on them. And that makes sense to you because?

How is this any different than a voucher program for public schools that I'm pretty sure you oppose?
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Old 07-07-2013, 01:40 PM
 
69,368 posts, read 64,108,083 times
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Quote:
Originally Posted by urbanlife78 View Post
Again, doesn't change anything other than letting students to go to college debt free and having their tuition be paid back on a sliding scale so that everyone is able to pay for the degree they earned.

Now you are just arguing against it just for the sake of arguing.
Its not debt free.. Owing an obligation isnt debt free. It may not be able to be calculated, but that doesnt mean it doesnt exist. Bill Clinton, is that you?
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Old 07-07-2013, 01:41 PM
 
Location: Portland, Oregon
46,001 posts, read 35,176,592 times
Reputation: 7875
Quote:
Originally Posted by pghquest View Post
How do you figure "more" money is a result? The state has to borrow around $9 BILLION to start the program, and at 3% of the yearly income, thats 75% of one years salary over 25 years..

And since its in future dollars, which will be about 1/2 of todays value, the state will be collecting about 37.5% of one years wages meaning that someone with a salary of $40K, would be paying about $20K for college to the state.

Since people now have about $40-$50K in loans, where do you think the balance will come from?
How is 3% equal to 75% of one years salary?
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Old 07-07-2013, 01:42 PM
 
69,368 posts, read 64,108,083 times
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Quote:
Originally Posted by urbanlife78 View Post
How is 3% equal to 75% of one years salary?
3% x 25 years = 75% You were never strong at math, were you?
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Old 07-07-2013, 01:43 PM
 
Location: Portland, Oregon
46,001 posts, read 35,176,592 times
Reputation: 7875
Quote:
Originally Posted by pghquest View Post
So government hasnt been able to keep the cost of education down, so the solution in your mind is to saddle the state with debt, in order to give people "free" education that will be paid for by future devalued dollars? And all of this will of course cause pressure on the private colleges (which might actually be a plan), and cause economic hardships on them. And that makes sense to you because?

How is this any different than a voucher program for public schools that I'm pretty sure you oppose?
That is what already happens now when one takes out loans from the state to pay for college.
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