Today, 7 in 10 students are graduating with an average $29,400 in debt, making them less likely to own homes, buy cars, graduate with a STEM degree, and spur economic growth.
EOI’s Pay It Forward plan offers no upfront tuition while attending college – instead, students contribute a small percentage of post-college income, so they graduate with a degree and less debt.
It would work on top of other financial aid rewards and scholarships to cover the full cost of tuition. Students contribute 1% of their annual income for each year of college attendance, for 20 years. That’s just $89 a month for an recent graduate with a Bachelor’s degree, or $23 a month for someone with an Associate degree. And the contributions go to a state trust fund to pay for the next cohort of students.
- Leave a Reply
More To Read
August 10, 2026
Buy, Borrow, Die: How tax codes gut community well-being to line pockets of the wealthy
We are long overdue for a tax code that requires the ultra-wealthy to pay what they owe.
July 30, 2026
What the Millionaires Tax would mean for Washington
We’re not paying the benefits of economic growth forward like we used to. The Millionaires Tax can change that.
July 9, 2026
How will the Millionaires Tax impact us?
The Millionaires Tax adds critical revenue to our state budget and starts to rebalance our upside-down tax code.