I'm still not sure that's bad. With this plan, the school would much rather you land a job getting $50/hour instead of $7.50 per hour because they make more mo

I'm still not sure that's bad. With this plan, the school would much rather you land a job getting $50/hour instead of $7.50 per hour because they make more money. I can think of a few ways that could make this better (such as a sliding scale that goes lower if you are making less), but overall the incentives seem to be aligned with them landing you a good job, and getting you a good pay scale early on (since they only get paid from your first 3 years).