Archive for August 2, 2003

Exam number 59!

Just finished ECE354 exam - another pretty reasonable exam, I thought. That makes it 59th one taken since I started at UW. :)

Few other things that’s been running around my brain - This would be an interesting idea though I don’t think it’ll ever be implemented.

University of Waterloo sends out the tuition notices well before they are due - month? 2 months? - and my guess is a lot of people pay when the mail comes. Let’s assume that people pay one month before they are due. If tuition is $4000, then it means they are losing approximately 10 dollars in interest income. Now, to you personally, that may not be that large, but if we could gather 400 people, then that’s one person’s tuition paid for.

What I propose is this - create a non-profit institution, to which you pay your tuition one month before the actual UW due date. This non-profit institution will hold on to the money for a month, then pay University at the last possible moment on your behalf. During that month, interest income is approximately 10 dollars per each user, so this means that this non-profit institution can afford to pay out $4000 scholarships for every 400 people who use this. Hey, with the rate at which the tuition is going up, I could use that 0.25% chance of getting my tuition paid for.

Thoughts?

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