Would you offer 5% of your earnings over 20 years for a free education?
Chris LoCascio, a junior at UC Riverside, feared that there was no end in sight for tuition increases at the University of California. The state kept cutting subsidies, students kept protesting, but no one had any answers. So he and other students decided to turn the discussion on its head.
What if, he says, “instead of charging students upfront for their education, students would attend the UC with no upfront costs whatsoever”?
Under the Fix UC proposal, the bill would not come due until students graduate and start making money.
“Under our proposal, students would pay 5 percent of their income for 20 years” following graduation, Locacio says.
Fix UC recently presented the idea to the university regents. The idea is that students would have a dependable bill to pay, rather than wrestling with unpredictable tuition increases and rising debt. (Full article)