Dive Summary:
- Pennsylvania State Rep. Brendan Boyle introduced a bill that would grant students attending the state's public universities free tuition—with a catch.
- Once they graduate and find a job, students would be required to pay around 3 to 4% of their salary per year, with bonds covering the four-year gap where no money is coming into the system.
- The proposed plan is among the latest introduced as states and universities try to contend with rising tuition and student loan debt.
From the article:
... “It affects our overall economy if these folks are unable to pay back the student loans, unable to buy a first house, unable to do other things because they have less disposable income,” [Boyle] said. ...