←back to thread

Undergraduates with family income below $200k will be tuition-free at MIT

(news.mit.edu)
581 points gnabgib | 3 comments | 20 Nov 24 16:59 UTC | HN request time: 0.625s | source
Show context
jedberg ◴[20 Nov 24 23:46 UTC] No.42199394[source]▶
Or, crazy idea, have the government pay all tuition up front for everyone and then collect an extra .5% on your income tax for every semester you attend (or .33% for every quarter). Obviously you'd have to put some limits on what colleges can charge to get paid from that pool of money.

Then you can't go broke from debt because it's a percent of your income, but it's also not "free" to address those who have concerns with that.

You could apply it to all outstanding school loan balances too. Get your loans paid off in exchange for an extra 4% income tax.

replies(5): >>42199472 #>>42199504 #>>42199953 #>>42200187 #>>42200465 #
1. Ferret7446 ◴[21 Nov 24 02:26 UTC] No.42200465[source]▶
That subsidizes useless degrees, low quality colleges, and punishes people who work in vocations (likely providing more value to society), among some other issues.
replies(1): >>42200483 #
2. jedberg ◴[21 Nov 24 02:30 UTC] No.42200483[source]▶
How does it punish vocations?
replies(1): >>42200522 #
3. itake ◴[21 Nov 24 02:36 UTC] No.42200522[source]▶
just a guess, but upfront money needs to come from somewhere, presumably everyone else that is working, including vocations.