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Interesting. What about students who drop out after 4 years with only receiving a bachelors degree and never completing college? Right now, we produce an insane amount of people who drop out of college study after their bachelors. For such a system to succeed, we have to make sure students complete college. Even if that means fewer students will attend overall... at least the ones who do, will complete it.
If someone has received a bachelor's degree, one HAS completed college as it is understood in this country.
As for the OP, interesting idea. Time will tell how it works in practice.
Sounds like an excellent idea in theory, much better than our current "accrue debt to be rich" plan we got going now.
07-07-2013, 10:58 AM
i7pXFLbhE3gq
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I know most of you will go into hysterics when you read this.
It seems you're the one who's been spending too much time in the conspiracy forums.
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It's nice to dream. Those good paying jobs will be outside of this country.
Absolute nonsense. There are tons of good jobs in this country. R&D, high tech manufacturing, all alive and well (and often times growing at a breathtaking pace) right here in the US. We have plenty of jobs for people with useful skills. What we don't have are jobs for the throngs of people who majored in history or got law degrees from second rate universities.
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Originally Posted by k.smith904
Sounds like an excellent idea in theory, much better than our current "accrue debt to be rich" plan we got going now.
Really? How is this any different? It's nothing more than income-based repayment mixed with an extended repayment plan, with the added bonus of gouging students who get good jobs.
We need to tackle the actual problems facing higher education, not shift even more of the burden to those who work hard while giving a huge break to people who don't contribute to the economy in any meaningful way. It's basically telling the engineer that he now has to pay for his own degree, and the degrees for one or two art/psychology/philosophy/whatever-thing-that-leads-to-serving-coffee majors.
It might also motivate them to improve the quality of education so their students get better jobs and make more money, thus contributing more to the fund.
The school has no incentive to have the students contribute more to the fund..
07-07-2013, 11:06 AM
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Originally Posted by pghquest
The school has no incentive to have the students contribute more to the fund..
Where else do you suppose the money is going to come from? It's not as though the state is going to step in and fund public universities.
Having 3% of $100,000 for 25 years beats the hell out of having 3% of $30,000 for 25 years.
Apply to Princeton or Cooper Union. Princeton has a no-loan policy. As long as your income is under $180,000, they'll give you financial aid grants making it free. Cooper Union pulls tuition out of their endowment. UPenn is also relaxed for pulling money out of their endowment. If you want free or low tuition experience that other developed countries provide, apply to the highly competitive schools with large endowments.
Cooper Union is free because they own so much land in Manhattan that they can afford to be a free college, also they are a private college and getting into that school is extremely hard.
Where else do you suppose the money is going to come from? It's not as though the state is going to step in and fund public universities.
Having 3% of $100,000 for 25 years beats the hell out of having 3% of $30,000 for 25 years.
That 3% of $100K for 25 years goes to the state, not to the school.. The school already got paid up front.
07-07-2013, 11:17 AM
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Originally Posted by pghquest
That 3% of $100K for 25 years goes to the state, not to the school.. The school already got paid up front.
Do you seriously not comprehend that more money coming in to the program means more money for the schools in the future? The state has already demonstrated that it is not willing to support higher education with general revenue.
what happens if you leave oregon after you graduate? i dont think for example minnesota is going to recognize an oregon tax.
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