‘Pay It Forward’ – a new idea for funding college
SEATTLE – Imagine going to college without paying tuition up front - and committing instead to paying a small percentage of your future income so that others can do the same.
This new idea has been proposed for funding a student’s portion of higher education at Washington’s public colleges.
Payments would be made for a long enough time period to make them affordable, and the money would go into a trust fund for other students’ education.
At the Economic Opportunity Institute (EOI), they call it the “Pay it Forward” plan. EOI executive director John Burbank says it erases the fi...