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UC-Riverside Students Propose Tuition Alternative Based on Future Pay

From the Riverside Press-Enterprise, 1/16/12.  As the excerpt below notes, the idea described has been around for awhile in various forms.  There would need to be a legally-binding mechanism for verification of income and payback including for grads who left California.  And there could be variations in the formula used.   It will be interesting to see what UCOP and the Regents have to say:

It took nine months of late-night meetings, data crunching, calculations and consultations by a small group of UC Riverside students to hammer out what they say is an antidote to state cutbacks for higher education and tuition that has nearly quadrupled in 10 years.  They call themselves FixUC. Their manifesto is the UC Student Investment Proposal, which calls for eliminating the upfront costs of college and having working graduates pay 5 percent of their salary back to the system for 20 years…
The proposal has caught the attention of UC honchos, primarily because it was conceived by students, UC spokesman Steve Montiel said. Two UC vice presidents are scheduled to meet with the group before the regents meeting…
A similar idea was raised in 2009 by UC Berkeley economist Robert Reich, a labor secretary in the Clinton administration who was appointed to a UC commission to address state funding cuts…

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