The state of Michigan is considering a new program that would change the way people pay for their education. The proposed alternative would offer graduates interest-free loans and would require them to pay back their loans based on their income. Community College graduates would pay 2% of their income and University graduates would pay 4%. “I commend the legislature for thinking about creative solutions,” says Dr. Wayne Baker, Chair of Management and Organizations at the Ross School of Business. “The advantage of this program is that it doesn't saddle students with knee-buckling debt. The disadvantage is that it may suffer from adverse selection.” As currently structured, the program does not financially appeal to those who expect to enter a high-paying profession. Those who enter the workforce bringing in a modest to middle income, however, would benefit. “The program could work if they figured out how to make it appealing to future big earners,” Baker says. “Without that, it's problematic.”
I have a soft spot in my heart for midnight movies. The best times I’ve had at the movies are going with friends, or even alone, and meeting new devotees of a midnight movie. You can check out these cult classics through the end of summer only at The State.
Evan Haywood brings his “psychedelic folk fables” to the Electric Eye Cafe this Monday. Haywood is an Ann Arbor-based songwriter and sound-conjurer, currently nearing completion of his second solo album, Perfumed Gardens. We’ll have an interview with Haywood posted next week, discussing his approach to reinventing the realms of folk music, as well as the launch
Boom for real was a catchphrase Basquiat said when something really wowed him. It’s impossible to believe that anyone seeing this film won’t walk away feeling inspired; the film is a boom, for real.