Meanwhile, Sen. Katz and Senate President Justin Alfond (D-Portland) have both submitted proposals that would pursue a student loan policy based on Oregon’s “Pay It Forward, Pay It Back” pilot project. Starting in 2015, students are eligible to attend Oregon state colleges tuition-free under the condition that they agree to pay back a small percentage of their income to the state over a couple of decades. Graduates with a four-year bachelor’s degree would pay 3 percent of their income for 20 to 25 years. The money would go into a trust fund set up to fund future students.

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