An “On the Issues” Post from the Campaign for the Future of Higher Education [http://futureofhighered.org]
The staggering level of college loan debt in our country finally seems to be getting some long-overdue national attention.
Among the proposals for how to deal with this issue is one called “Pay It Forward,” a program that would substitute after-graduation payments based on earnings for up-front tuition.
The proposal has been attractive to students facing huge loan payments and to conservatives looking to decrease even further the public investment in higher education.
A while back CFHE raised questions about whether this proposal offered a real solution. Others are now taking a look and also finding that it just isn’t what we need.
For instance, a recent study from the American Association of State Colleges and Universities, puts forward a sweeping critique of the Pay It Forward concept.
Not only would most students…
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