Oregon is thinking outside the box on tuition

Parents Forum
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<p>[Oregon</a> Legislature Approves Tuition-Free College Pilot Program - ABC News](<a href=“Oregon Lawmakers Pioneer Tuition-Free 'Pay it Forward, Pay it Back' College Plan - ABC News”>Oregon Lawmakers Pioneer Tuition-Free 'Pay it Forward, Pay it Back' College Plan - ABC News)</p>

<p>Will be interesting to see the results.</p>

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<p>Saw this on the WSJ. Love the idea in concept though the % needs to be more like 10-15% to be sound, with 0 defaults and everyone making an avg of 60k over the term, 3% of their gross salary is only 36k with 0% interest rates. Not practical.</p>

<p>However, its completely impossible in practice. Money is uncollectable. Also, the way they plan to fund it doesn’t solve anything either- 9 billion dollars from taxpayers for ‘seed’ money. So essentially the program is insolvent from the start and just a backdoor way to give the universities more money.</p>

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<p>Current thread here:</p>

<p><a href=“http://talk.collegeconfidential.com/financial-aid-scholarships/1523218-oregons-new-college-funding-idea-no-money-down.html[/url]”>http://talk.collegeconfidential.com/financial-aid-scholarships/1523218-oregons-new-college-funding-idea-no-money-down.html&lt;/a&gt;&lt;/p&gt;