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I'm kind of fond of the idea of people paying a percentage of their income after they get their degree and for X number of years. I think that's a fantastic id
by KGIII 9y ago
I'm kind of fond of the idea of people paying a percentage of their income after they get their degree and for X number of years.
I think that's a fantastic idea. For needed professions, it could be X - Y number of years. Inexpensive and attainable education would be a good thing, I should imagine.
- pinot 9y agoThe x-years and y-% could be based on their future earnings. A sort of tiered system with “marginal” rates. I wonder if such a system could exist.
- sordidasset 9y agoIs this a tongue-in-cheek discussion you guys are having about taxes?
- Pete_D 9y agoThis is sort of how it works in the UK. You pay 9% of what you earn over £X for 25 years (with X and other details like interest depending on when you started borrowing). In theory, this stops when you pay off your loan, but the most recent estimate I know of[0] predicts that 60% of graduates under the current system will never get there, so while it's technically a loan, it feels more like a graduate tax. [0] http://www.telegraph.co.uk/education/educationnews/10747315/Six-in-10-students-will-have-their-debts-written-off.html http://www.telegraph.co.uk/education/educationnews/10747315/... (2014)
- readams 9y agoThis is the law in the us right now