‘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 financial and psyc...