We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
I want free piano lessons and free painting lessons. Can I get that?
Related: The college-for-all model isn't working - After years of disfavor, vocational
education is being transformed for young people seeking jobs that
require more than high school but less than college.
The Maggie's Farm staff tends to believe in apprenticeships for almost everything that is work-related.
The pay it forward model is the correct one. It most closely aligns the goals of students and the institution. The students want to earn high wages. The institution wants to produce people that can earn high wages. Students that do not show the potential to earn high wages will be removed, as they are a waste of money, and degrees that do not earn high wages will be reduced/eliminated.
Call it what it is, the Pay-It-Forward model is a Ponzi scheme. Like Social Security, it is a scam, and like Social Security it is financially unsustainable. In this instance the current taxpayers of Oregon foot the bill for a college student and then they just hope and pray that as time passes the State eventually gets to recover a fraction of the cost of that education...being repaid with cheap inflated dollars at that. Do the math for a typical (?) college graduate: 20 years x 3% x $50K average salary (which may be high?) = $30K. Is that what 4 years at a really good school costs these days, or will cost 20 years from now? I could be wrong, but I think that's too low a figure.
sounds nice in theory, but if the "education" you get costs $100k a year for 4 years, you have to pay back $20k a year over that 20 year period (even without interest charged).
Given that the proposal indicates 3-5% of your income charged per year, even at its peak that means they expect the lowest earning college dropout to earn an income of at least $400k a year.
You are assuming the college has some skin in the game. I assume the funding will come from the state, to be "paid forward" to the state. Colleges get the revenue as a pass-through. For them, the more students, the better, regardless of performance.
I live in Oregon and can tell you we are in the evil clutches of liberals. This is paying off unions nothing more and nothing less. More community college teachers and staff equals more union members and that means more liberal voters.