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Here's my counter: what if, instead of taxing students after their graduation, we taxed all adults income, then used the tax proceeds to make university tuition
by Afforess 5y ago
Here's my counter: what if, instead of taxing students after their graduation, we taxed all adults income, then used the tax proceeds to make university tuition cost-free. The advantage would be that more students would attend, we'd have a more educated society, and alumni would not be worried about having to take the best paying job instead of one that they desire.
It's win-win-win, taxpayers get free access to universities for themselves and their children, students avoid debt or garnished wages in the future, and universities get government support and can shut down complicated administrative overhead for helping students navigate financing.
Now I know your thinking - does it scale? Yes! We have data from secondary and primary schools with the same cohort of students, who attend school for no cost. Attendance and graduation of these schools is closely correlated with life outcomes and success! We could apply this existing financing model to universities and solve the problem of tuition fees with by reusing the ideas from other tuition-free primary and secondary schools.
Prob a bit long for an elevator pitch, but hey.
- leetcrew 5y agothe linked article describes a percentage-based income sharing scheme. the student isn't necessarily incentivized to get a higher paying job than they would otherwise. the school definitely is incentivized to guide students into more lucrative jobs, but that's probably a good thing for the median student. as for the free college idea, this seems like a solution for the wrong problem. I'd argue a large chunk of students are already wasting their time getting a credential that shouldn't be necessary for the work they plan to do. I'm not convinced it's automatically good for more people to graduate college. four years is a long time to spend doing something without a clear, concrete reason to do so.