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.”
Bellflower in Ypsilanti opened at the end of August during one of our toughest times. This new, delicious restaurant made a bold choice, but the payoff is worth it.
Heavy Color are a Toledo-based duo of avant-psychedelia composers. They talk a little bit about their work on the Rights of Nature documentary and using music to heal.
There is no better time to start listening to some new music. Sara Marie Barron’s newest album, “Existential Glam,” will be available for streaming Sept 25.
The pandemic has shown a light on the food insecurity crisis in Washtenaw County, and is slated to get worse. Here is what’s happening and how you can help!