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Equity Investment in America program to fund college costs
A report from University of Massachusetts economist Barry Bluestone and colleagues proposes using a portion of the Social Security surplus to establish a life time $40,000 line of credit for every American to cover college, vocational training, or apprenticeships. The plan envisions a new Education Department agency to raise capital, award loans, and oversee repayment through IRS payroll deductions, with long repayment periods and income-based adjustments to keep totals manageable.
MENTIONED IN THIS ARTICLE
Washington
Haley
University of Massachusetts
Barry Bluestone
Congressional Budget Office
Internal Revenue Service
America
Bluestone
Alan Clayton-Matthews
John Havens
Boston College
Howard Young
University of Michigan
Education Department
IRS