One Giant Leap for Oregon Students

1024px-Surveyor_3-Apollo_12With a proposed Pay It Forward pilot program, Oregon takes another step toward rebuilding higher education’s ladder of opportunity

Students in Oregon just got some really good news. Pay It Forward – EOI’s plan to restore college access by replacing tuition with income-based contributions made after graduation – took a major step forward on Thursday, when the state’s Higher Education Coordinating Commission (HECC) officially adopted a Pay It Forward pilot plan and recommended it to the Oregon Legislature.

Under the pilot, Pay It Forward would be offered to 4,000 students a year:  a mix of community college and university students, including 1,000 graduates of select high schools each year. These students would pay no tuition upfront; instead, after graduating, university students would contribute 4% of their income, and community college students 1.5%, to a public trust fund for a period of 20 years.

Graduates’ monthly contributions would be much lower than today’s typical loan payments. And after 23 years, their contributions would make Pay It Forward self-funding – something legislators facing increasing pressure on public revenue will undoubtedly welcome. Now the ball is in the Oregon Legislature’s court, which will investigate how to fund the start-up costs.

Pay It Forward legislation has gained significant traction in the months since Oregon legislators unanimously passed the nation’s first Pay It Forward study bill in July 2013:  legislation has been introduced in 24 other states so far – half of the country! Six other states have studies similar to Oregon’s now or soon underway. That momentum is an undeniable testament to the need for this country to rebuild ladders of opportunity – like access to higher education – for every hard-working student looking for a shot at the American Dream.

When Oregon’s HECC appointed a workgroup to study and develop a Pay It Forward pilot, EOI staffers were tapped to help lead the effort. We’ve been hard at work for nine months helping craft Oregon’s Pay It Forward pilot, and we’re proud to be part of the team making it happen.

  • Leave a Reply

Your email address will not be published. Required fields are marked *

More To Read

October 17, 2018

We’re Number 1!

For at least 22 years, Washington has had the highest taxes on lower-income people.

October 16, 2018

I’m Going to Tip Minority Servers More – and Whites Less

Racism and discrimination translate to lower tips for people of color

October 12, 2018

The Unemployment Rate Isn’t All That Matters

“Slack” is why wages are low even when unemployment is down