In Oregon, a proposed pilot program would allow students to attend state college tuition-free. The catch? Instead of taking out loans and piling up debt, students agree to pay the state back a small portion of their income over the course of a couple decades.
When is a loan not a loan? And if you still have to pay it back, is it a loan no matter what you call it?
These might sound like topics for debate in a college philosophy lecture; in fact, they’re questions lawmakers and educators in Oregon are considering as they contemplate an alternative to student loans.