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Recursion

(56,582 posts)
3. Utah has an interesting idea of paying with equity rather than debt
Mon Aug 10, 2015, 05:09 AM
Aug 2015

That is, the state gets a claim on X% of a graduate's future income for 20 years. Neat idea.

But, anyways, as I read this she wants to give a lot of money to the states on the condition that they use it to make college more affordable.

O'Malley of course, has an excellent position on student debt, though I obviously don't need to tell this group that. I particularly like the hard limit of tuition at 10% of the state median income at a public university. And actually his tying repayment rates to income sort of comes closer to the equity idea.

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