Michigan’s Pay-it-forward Tuition Proposal

. May 1, 2014.
emptypockets

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.” 

Trending

DIYpsi Champions Local Artists (and here’s a PLAYLIST)

DIYpsi Aug 18 & Aug 19 at ABC Microbrewery I’ve detected an increasing amount of positive energy generating from the independent arts community of Ypsilanti over the last several years, grassroots efforts that stoke a sense of pride and celebration of the local culture scene, from First Fridays and Bona Sera, to the Threads All

Eighth Grade—Navigating Middle School Without Filters

If you missed Eighth Grade at Cinetopia, it’s finally officially playing this week at The State! Eighth Grade is this generation’s Sixteen Candles, Breakfast Club, and Welcome To The Dollhouse. If you’ve wondered what adolescence in the digital age is like, this movie’s strength is capturing Generation Z middle school life—while remaining universal.

August 2018—Biz Buzz

We’re keeping on an eye on what’s happening in local business. Find out more here!

The Mountain—’Spinning Dot Children’s Theater Company’ Premieres Play on Immigration

When performing plays, actors use props, costumes and set pieces to immerse themselves in the story. Spinning Dot Theatre repertory company members Aya Aziz and Forrest Hejkal, who star in the North American premiere of Chelsea Woolley’s two-hander, The Mountain, had extra help preparing to portray children on a playground; they did some of their