Do you think that I might know something about the topic, or that the other posters who've responded to you might as well?
I'll bet folding money that the answer is No.
Say, Pete, if pyramid schemes are such a great idea, why are they illegal? (hint: people who aren't a handful of the lucky few who got in early lose their shirts).
As Prof_Smartypants asked, what problem are you trying to solve by making a hugely complicated system that will be difficult to administer? As a side note, do you know what percentage of the funds raised by the IRS are spent on the bureaucracy of the IRS? Your scheme is even more complicated since employers are not required to submit the necessary paperwork to each college.
Oh, and I attended three schools during my education. Must I really pay all of them or just the one where I learned the most that is the most relevant to my current job?