Building an Economy that Works for Everyone

John Burbank: Testimony on Pay it Forward, the Debt-Free Degree Plan for Vermonters

Presentation given by John Burbank, Executive Director, EOI

Presentation to the Vermont House and Senate Education Committees

Pay It Forward is a pragmatic business model for funding higher education.

How does it work?

  • Replaces tuition with postgraduate contributions into a state trust fund
  • Funds future students from this trust fund
  • Future students will also participate in Pay It Forward
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