3 ms·
in some ways this is similar to the australian university funding system where loans to cover education are managed by government - not the private sector - the
by shoo 9y ago
in some ways this is similar to the australian university funding system where loans to cover education are managed by government - not the private sector - there is no interest beyond inflation, and repayments are taken automatically out of salary after your income exceeds a certain threshold.
i would imagine that Holberton School is much more focused on only accepting candidates for training where there is a good probability that the person will end up in the workforce afterwards. unlike perhaps some things one can study at university, or people who are studying but aren't thinking about a career in the workforce.
- SimbaOnSteroids 9y agoThey're also incentivized to provide a high quality program and have their grads land high paying jobs. Essentially they're invested in their students success in a way most educational programs aren't.
- learc83 9y agoThe US loan system works almost the exact same way. Federal loans (90% of student loans) are paid directly by the government, and come with income based repayment plans capped at 10% of disposable income.