AFFORDABLE HIGHER EDUCATION

AFFORDABLE HIGHER EDUCATION

  • Students should pay back their loans their income, based on percentage tied to their annual income. Do not require interest payments. This will make loan repayment more manageable and easier and mitigate default.
  • Base the amount of a student’s loan on their major and potential future earnings. Loan amounts should not exceed a defined percentage of future earnings. Tying loan size to the choice of major ensures the student can handle payments.
  • Colleges should cut costs by reducing non-academic salaries, doing away with 4-star college dormitories, and stop marketing worthless degrees.
  • Reevaluate the need for everyone to get a college degree. There are many well-paying and critically important jobs that require skilled workers with training, but not a four-year college degree.
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