In the state of Oregon a new mechanism for funding university studies has been proposed. The scheme is called “Pay It Forward“. The idea is that instead of charging students tuition to go to universities, the state will fund their education and then extract payment after the degree is finished as a percentage of their income. For a student with a bachelor’s degree, the expected repayment would be 3% of income for the following 20 years. This presents a very different alternative to the university funding system presently in force throughout the United States, so let’s dissect it. Would Pay It Forward make Oregon’s university system better than it presently is? Is it the ideal alternative, and if not, in what respects does it differ from that ideal?
Tag: Education
A Critique of Affirmative Action
Yesterday, the supreme court announced a non-decision decision on the issue of affirmative action by universities. The ruling itself makes no significant difference to the status quo, but it got me thinking about the issue. As regular readers know, I think economic and social mobility is very important. For this reason, I am opposed to affirmative action.
The Biasing Effects of Personal Experience
One of the most common assumptions around is the notion that the only way to truly understand something is to be part of it. It is said that the best way to learn about life is to live it. This idea has tremendous influence–it causes method actors to attempt to directly experience what their characters experience, it causes people to go on trips or to do things purely for “the experience”, and most importantly, it has tremendous influence over how people think about politics, both for the left and for the right. The left scolds well-off politicians, who are assumed to have no conception of what it means to be poor and to suffer. The right scolds young people and ivory tower academics for not directly experiencing the welfare systems they praise, or the private systems they denigrate. There is a kernel of truth in both criticisms, but that’s about it.
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Elizabeth Warren’s Student Loan Mistake
Massachusetts Senator Elizabeth Warren has recently come out with a proposal to make the interest rates on federal student loans identical to the interest rates the federal government gives to large banks. This sounds really progressive and wonderful, and it is no doubt well-intentioned, but it is, unfortunately, an extremely misguided and foolish policy. Here’s why.
The Trouble with Sending Everyone to College
As time has passed, more and more people are going to college in the United States. Unfortunately, this is not a good thing. Let’s see why.
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Benjamin Studebaker 