Michigan is considering an innovative plan to make college education affordable: Students can attend school for free. But they would have to agree to pay some of their future income toward a fund that would help new college students enjoy the same benefit.
The state legislature is weighing whether to approve a pilot program of this "pay-it-forward" plan.
Here's how it would work: Community college students would pay two percent and university students would four percent of their income for five years for each year they attended school under the program.
For example, a University of Michigan student who graduated in four years would pay into the fund for the first 20 years of their career.Via Detroit Free Press