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Recommends Schedule

The report primarily
recommends a fixed schedule
of repayment following
graduation that would increase
in accord with the expected
growth of the graduate's
income and a guarantee by the
college or university to absorb
any loss from students whose
incomes fail to grow in accord
with the plan's assumption.

D. Bruce Johnstone,
executive assistant to the
president of the University of
Pennsylvania, and Stephen P.
Dresch, an economist with the
National Bureau of Economic
Research.