Oregon and the Cost of Higher Education: 'Pay It Forward'

Student borrowers now owe the federal government more than a trillion dollars, and college tuition is on the rise. The legislature in Oregon has adopted a new plan to help students cope with the increased costs of higher education. "Pay It Forward, Pay It Back" is not just for public colleges and universities, but for community colleges, too. It's a model first developed in Australia, reworked by the Economic Opportunity Institute, a think-tank in Seattle. We hear about the plan which students learn now for free and pay later from the earnings made possible by higher education.