Gov. Deval Patrick says he’d welcome a plan in Massachusetts that would allow students to attend state colleges and universities without paying tuition or loans out of pocket.
Last week, the Oregon legislature gave initial approval to a bill last week that would allow students to repay the state with a percentage of their future earnings.
The cost of college is a divisive issue in Congress. A political logjam forced interest rates on federal student loans to double on July 1 and new attempts for compromise failed yesterday.
But there are innovations in addressing student debt. The Oregon legislature gave preliminary approval to a bill that would allow students to attend state colleges without paying tuition or loans. Instead, they’d repay the state with a percentage of their future earnings.
This idea had roots in Boston.