Advanced Engineering Economics
College education for students has become more of a “degree with debt“ than to a “path forward“ for higher education in the U.S. Soaring tuition fees with a downhill in student aids from universities due to state budget cuts have left students in a dilem-ma of graduating with debts or not enrolling in colleges at all. However, in an effort to make college education more affordable lawmakers in Ore-gon voted for a proposal, the idea of which was initiated by a couple of students in 2012 in their capstone project. This is known as “Pay it forward” that allows students not to pay their tuition during study period but in 25 years by repaying a percentage of their income after getting employed.
Ha, Jejung; Jain, Abhishek; Khanam, Momtaj; Lentz, Anna-Lena; and Wang, Bing, "A Feasibility Analysis of “Pay It Forward” Tuition Scheme" (2013). Engineering and Technology Management Student Projects. 402.