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View Diary: Oregon considers Pay It Forward model to make college affordable (38 comments)

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  •  I think it's a fascinating idea (1+ / 0-)
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    earicicle

    There are some enforcement issues I'd want to learn more about -- how is the state obtaining these future income statements -- mandatory sharing of tax return information?  (If so, what do you do about married couples filing jointly?) If it's just based on W-2s, what about people in the 1099 world?

    But this is a worthy pilot program.

    •  What is income (0+ / 0-)

      It seems to me that this will lead to some unfairness.  If one student has a 9-5 job with a standard w-2, and another has a complex compensation package with various expense accounts, who is going be paying more for college.  For instance, lets say that two people whose compensationis $80K.  One is an office manager whose income statement in fact show greater than $80k due to employer contribution to various funds.  The other is a minister whose income statement has $56K of income and $24K in housing allowance.  At three percent, the office worker will pay $2,400 a year in college expense, while the minister might only pay $1,680 a year.  Both have equal income available for personal expenses.

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