This past week, the Oregon state legislature unanimously passed a bill that, if signed into law, will provide for development of a pilot program for the newly-designed Pay It Forward, Pay It Back plan. Essentially, students would be able to attend public universities tuition and loan free in exchange for a 3% deduction from their paychecks for the 24 years immediately following graduation.
Based in part on an Australian model, Oregon’s plan is the first stateside foray into a pay-it-forward framework. The state legislature will vote on implementation of the pilot in 2015.
How refreshing it is to see an American legislature doing something novel, creative, and worthwhile to address a serious national problem. Kudos, Oregon! Proud to be inside you.