Mich. bills would cover college tuition if students donate pay - myfoxcarolinas.com

Mich. bills would cover college tuition if students donate future pay

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(WJBK) -

Michigan bills introduced Tuesday would give free college tuition to students if they give a percentage of their future earnings in return.

A pilot program has been proposed, which would include 200 high school graduates. Four percentage of their future earnings must be given to the state for 20 years.

The bills are being called "pay it forward" legislation. Participants' earnings would be used to help future students also attend public universities or community colleges without upfront financial obstacles.

VIDEO: Click on the video player above to hear what students have to say about the idea in a report from FOX 2's Taryn Asher

Democratic Rep. David Knezek of Dearborn Heights is hoping Michigan could secure federal funding for the program he says would cost $2 million a year initially.
 
The legislation's backers say it's a creative way to help students avoid debt and could be expanded to more students if successful. Other Democratic sponsors are Rep. Theresa Abed of Grand Ledge and Sen. Jim Ananich of Flint.

The plan says student payback will be determined by how many years they participated and what school they attended. Payback wouldn't begin until they graduated and found a job that paid over the poverty level, and it would be based on their income.

-The Associated Press contributed to this report

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