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  • #5
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    Sounds great, as it is a choice and an actual investment for the future. 2 and 4% sounds very reasonable. The only foreseeable problem, like SSI, will the politicians be able to keep their hands of it and only use it for what it was intended?
  • #60
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    Good point about the politicians. But would people really pay a portion of their pay for 20 full years? At a starting salary of $60,000 per year, 4% is still $200 a month or $2400 per year.
  • #98
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    @Realthinker only if they get one of the 60k a year jobs.
    if the only job they can find is min. what good does a 4 year get them.
    yes they can move to the job. but the jobs will soon be filled in that area and they will have to look elsewhere. what then, go back for 4 more years and owe 40 years of 4%
    oh and you say well pick a field that expected to have large number of jobs in 4 years?
    that field may not have all that big of a growth and 4 years from now you still will not have a job. then maybe another 4 years and 60 years at 4%. etc.
    at that rate you will never get out. always running after the job that may never be there...
    so as someone has already posted, work, get the money, then go for the 4 years...
  • #102
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    @nate1 Those are the possible drawbacks to the plan, yes. If grads cannot find jobs with good earning potential the funding will be inadequate.
  • #105
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    It's really a loan, but it seems to be one that everyone can afford. If the degree turns out to be toilet paper, then the fund gets less put into it, so the school has to produce degrees that mean something. I think it works on both ends if the numbers are enough to keep the schools in business.
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  • #106
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    I like this plan because it addresses a real issue with the cost of higher education in this country. It's not the only way we could go about it though.
    Hell, I think you should be allowed to attend college for free as long as you work in the field you graduate in for a public service equal to the number of years you spent in school.
    Want to be a doctor? That's great. I would love to see more doctors that have English as a first language because they were born in this country. You just need to spend some time working in VA or a clinic. Want to be a lawyer, That's great as well. We have a lot of need for some public defenders that can actually afford to put time and effort into the defense of their clients. Want to get an art degree? Well, you dirty hippy, I'm sure we can find something even for a lazy bastard like yourself. If nothing else we'll have you cook for our troops or do their laundry instead of outsourcing that to KBR and making Cheney can company richer than they already are like we do currently.
  • #134
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    @TRex84

    Did it ever occur to you that an art degree can pay off, unless the economy is in total collapse?

    Who runs art galleries? Who does appraisals? Even actual artists get art degrees.
  • #169
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    @TRex84 Our state offers free MD & RN degrees if you agree to work in a rural under served area upon graduation. Same exists in MT. Don't know if there are others.

    Never was interested in Art but some people get them and run Museums or sell Art at excellent commissions. Odds are lower then Science majors but they do exist. I choose a History because I loved it. It made job search more difficult but I found it improved my knowledge of the world & makes me a better citizen. Not to mention smarter then Palin.
  • #218
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    @BobFromDist9 In high school i washed cars with an guy with an art degree,never did him any good. Lots of people with degrees doing jobs that require little schooling. Thanks outsourcing! NAFTA was a bad idea also.
    Common core seems to push math like our society is going to need so many scientist and engineers in the future. The vast majority of people well never use such math.
  • #224
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    Perhaps the lack of Math skills results in people investing with crooks or failing to invest at all. My History major never directly got me a job either but is certainly made my life more enjoyable then it would have been without it. I learned in my life that there is far more to life then money.
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  • #63
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    @Poltal Nuts. That was supposed to be for Speedieg. Now for your comment. I wouldn't mind a pilot program. However, I do not trust the politicians to keep their hands off the collecting funds, and I'm not sure people can be trusted to pay back what they owe. I see no reason why the umber of people in default would change.
  • #198
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    @Poltal are you really dumb enough to think people will "voluntarily" pay 4% of their income into this fund for 20 years? If you are, then we should just set the tax system up the same way.
  • #82
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    20yrs. @$2400 per year would mean you're paying $48k for an education that could easily cost $60k. Better than student loans by far. By setting the payment as a % of income the program has an built-in affordability mechanism. Sounds like a great tool to get some people an education who may not have a chance otherwise.
  • #32
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    What about 'non-traditional' students - those already in the workforce? They might want to further their education, but might not have 20 years of work left in their career. Or, if their new degree doesn't immediately increase their income, they may not be ABLE to pay 4% in a budget that may already be stretched to the limit...
  • #77
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    You can't blame them for trying! What do they have to lose? This is a program with good intentions, I hope this pans out...
  • #114
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    @Now_What Good intentions mean nothing is the result is negative. What do they do with the admission standards now that everyone can afford it? Who is responsible for cross state and cross country tracking and collection for the 20 years?

    "The road to hell is paved with good intentions."
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  • #180
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    Of coarse it is normal. Those educated people have a far lower unemployment rate then those without. I didn't have a great major for job hunting yet I was unemployed for only about 10 weeks in my working years.
  • #79
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    That would be...heck yes! Every person who will find the benefits and rewards of a higher education (because it's not for everyone) useful in their careers and income potential, should have a pathway to getting that support. Asking those who benefited by such a system to contribute (pay-it-forward) so that those coming behind them will benefit as well, seems like a great idea.
  • #211
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    I had college loans and I paid for them, plus interest. So your alternative is to keep lower income kids down so they can't compete fairly in the world? I'm happy to help underwrite higher education for anyone who will use it, and in this program so will those that were benefited.
  • #54
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    This is actually a fantastic idea. Granted, it needs some fine-tuning, but the principle is great. Not only would it help more people go to school, but it could lead toward restoring something which is severely lacking in the youth these days: A sense of duty.
  • #8
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    I am surprised it was democrat Rep.David Knezek that came up with the idea.I give him credit for a plan that just might work.
  • #199
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    @chris532008 exactly. Are people really dumb enough to think people will "voluntarily" pay 4% of their income into a fund for somebody else? Hell, we should just set the tax system up the same way. For anybody to believe this socialist wet dream could work, you'd have to believe that people don't work for themselves, but "for the benefit of the collective."
  • #173
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    @AndrewWest The strength of the economy depends on your skills, education and Location. College grades unemployment is very low & close to 0 if you have a science degree in biology, Chemistry or Geology. Pharmacists can get an instant job starting at $90-100,000 in OR.
  • #213
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    @Frosty45 Sorry, "the strength of the economy" depends on demand, not skills or education. The relentless promotion of the idea that a college degree is a ticket to a job is false. Colleges and universities are the ones promoting that lie. When MBAs are tested before they are hired it means the presumed value of your degree is now questioned by employers. 30-50% of recent college grads cannot not find jobs - the jobs they were promised by the higher ed industry. Simply producing more graduates does not create demand.

    This all underscores the need for a fair, objective conversation about the value of a college degree. If they are still valuable, then they shouldn't mind getting paid based on outcomes. Higher education has a price that now exceeds the value a student receives. So, it's time for some changes. Questioning the valued based on results is a good place to start.
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  • #100
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    It used to be that way, you went to school and then paid taxes when you went to work that supported the school.

    I love a new idea.
  • #107
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    Might be one way to make education affordable for people. Since, it has become nothing more than a money making racket, leaving graduates with a huge debt and still NO job.
  • #88
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    While there are pro and con it would men an educated workforce and citizenry. There would be no barrier to the poor to attend college much better than graduating with $30000 in student loans.
    Add another 1% for grad school and that means more employable people. Right now with care Detroit is ripe for resettlement. Because so much is empty the addition of very high speed broad band lines owned by the city/county could make it Mecca for new investment.
  • #78
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    Anything to get the students away from the outrageously high interest rates and financing fees that student loans cost.
  • #74
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    I can't make an intelligent call regarding this proposal without additional details, but it is something worthy of study and consideration.
  • #70
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    I like this idea. One can better him/herself, pay it forward, and it would be a minimal (if any) cost to the taxpayer. Other states should get behind this.
  • #67
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    I support this concept and would like to see it succeed. This is one way of getting young people that may be the next mind into school so their talents can be developed. This will give them a chance that the current system won't as established. IF we do not try others ways to ensure that all great minds have a opportunity to develop, we will continue down the slope of the elite and the serfs.

    As far as not needed a college degree to get most jobs. I have never lived my life around my job, I followed the path, that required that you prepare for a better job, regardless of how green the current grasses are. Getting a college degree help you yo do that.
  • #61
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    I think this should be adopted buy all collages. this is a great plan. its kind of what California used to do. Education is always a good investment. companies like to locate where there is a good pool educated employies
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