Path: utzoo!utgpu!water!watmath!mks!chris
From: chris@mks.UUCP (Chris Retterath)
Newsgroups: ont.general
Subject: Re: CUT TO THE FAT
Summary: brief reply to posting
Message-ID: <528@mks.UUCP>
Date: 19 Oct 88 16:19:10 GMT
References: <5158@watdcsu.waterloo.edu> <5177@watdcsu.waterloo.edu>
Distribution: ont
Organization: Mortice Kern Systems, Waterloo, Ont.
Lines: 29

> What price can we put on an education or the ability to think?
> What is the cost of losing that education? to the individual and to
> the country as a whole. 
> 
> - Robert Hubbs

From the rest of the posting, we can see that the cost includes
having to put up with shoddy grammar, misspelt words, and bad reasoning.
I am no longer on any campus, but I certainly hear a lot about the
problems of underfunding, especially in undergraduate studies.

I have heard a lot of proposed solutions; one of some interest would be
to raise tuition to cover the full costs of a program, and make the
universities free of direct government influence.

To cover the higher tuition, a program of investing in students could be
set up with the federal money that is being transferred to education via the
provincial governments. This would work like venture capital: the student
receives a sum of money for tuition. This money is paid back as a portion of
future earnings, so that the higher the subsequent income, the higher the
returns to the progam. Students would be encouraged to take smaller sums up
front to prevent paying as much back in future years; however, unlike Canada
Student Loans, the amount paid back depends directly on income.

With the appropriate formulas, such a program would be self-funding. It
would require initial startup capital, of course.

	Chris Retterath
	MKS Inc.