The Economist published an article on April 9th concerning an idea of California college students that could possibly radically affect college students everywhere if it is taken into consideration by universities.
Students of the University of California propose that instead of charging tuition, they’d like universities to take 5% of their salary for the first twenty years following graduation.
This idea has some huge implications for higher education. An individual’s level and quality of education would no longer be determined by parental current income, but by a student’s future income, which would open more opportunities for them.
What particularly fascinates me about this article is the potential overhaul of universities’ organizational structure and culture. They would be the ones bearing the most risk under this proposal. With their income being contingent on their student’s job placement, universities have large incentives to become much more focused on placing their students in high paying career positions. Continue reading An interesting proposition for colleges: