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.”
Ann Arbor musician Antwaun Stanley has partnered with Ben Silverstein in their newest single, ‘Special’. Check out this awesome song and their upcoming EP!
Home Alone is a holiday classic, but that doesn’t mean Kevin McAllister isn’t a jerk. But how is a movie about a jerk kid the center of a holiday classic?
Music has been one of the greatest escapes for the community this year. Here are some of the best local songs that came out, regardless of the pandemic!
Our local cinema has struggled this year, but they worked to keep us entertained with great movies. Here are a few of the best ways theaters kept us engaged.