It’s student loan time again – filling out the FAFSA, checking on Sallie Mae paperwork, and preparing for the summer and fall semesters. But while we’re racking up student debt, with hopes to get a good enough job after graduation to pay our hefty loans, one group of college students have come up with a different plan for repayment.

“No to debt slavery.” A concept that could very quickly become one way that we repay our education debts without having to remember our bill each month. Though this might seem like a quick fix to avoiding late payments, the program could cause more problems that it fixes.

The idea behind the FixUC proposal, which in time could pave the way for other colleges and universities, is to get rid of the monthly payments and let students pay for their tuition with a fixed percentage of their income for the 20 years following graduation. Though many of us light up at the idea of not having to worry about our loans, rather that they would simply be taken out of our income and forgotten about by us and our monthly budgets, how can we take this program into serious consideration when there is such a huge span in our projected income levels?

Many of us are hoping that we can land a job that pays just enough following graduation, but for some of us, our paychecks could be wildly over or under our expectations. The prospect of making a $20,000 paycheck or a $100,000 paycheck makes us ask the question – if we have a fixed percentage of our paychecks taken out for tuition for a set amount of time, how is that fair to those making a larger income each year? Potentially, this could mean one student could pay thousands, while another only pay hundreds for the same level of education. With no prospect yet of making this number variable for different income levels, the idea seems entirely problematic and a bad idea for the any student.

This program, though making it easier when it comes to remembering bills each month, would put students in a position to desire lower paying jobs, as one of our larger bills, our student loans, would be cheaper. Higher education institutions can’t put students in a box, making financial choices based on the “average.” We need to instead take out our loans and be prepared to pay off our individual debts, however much they may be.