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Oregon's Plan To Set Up A College Tuition Ponzi Scheme

A lot of ink has been spilled in covering the latest cockamamie idea coming out of Oregon; the so-called 'Pay it forward, Pay it back' college tuition scheme. What's striking is that the state legislature and one US Senator are giving serious consideration to what amounts to a Social Security style Ponzi Scheme - a massive redistribution plan that is doomed to fail.  This is all in an effort to create a utopian pipe dream that would magically erase the terms 'debt' and 'tuition' from our lexicon when discussing higher education.

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Blog

Oregon's Plan To Set Up A College Tuition Ponzi Scheme

A lot of ink has been spilled in covering the latest cockamamie idea coming out of Oregon; the so-called 'Pay it forward, Pay it back' college tuition scheme. What's striking is that the state legislature and one US Senator are giving serious consideration to what amounts to a Social Security style Ponzi Scheme - a massive redistribution plan that is doomed to fail.  This is all in an effort to create a utopian pipe dream that would magically erase the terms 'debt' and 'tuition' from our lexicon when discussing higher education.

08/22/2013