The Chronicle of Higher Education
July 18th, 2014
A new report
refutes the proposed “Pay It Forward” model of paying for college,
saying in a point-by-point analysis that it would leave most graduates
deeper in debt than if they had taken out loans, and would throw
colleges’ balance sheets into uncertainty, among other things.
The report, released by the American Association of State Colleges
and Universities, assails the idea of allowing students to attend
college without having to take out loans while requiring them to devote a
portion of their later earnings to paying off tuition. First proposed
by students at Portland State University, Pay It Forward has drawn increasing criticism since Oregon passed a law to study the idea.