4 ms·
If that's a step function, then people would be happy earning $49,999 than $60k (and may even try to negotiate with the employer to reduce the salary)
by mkagenius 9y ago
If that's a step function, then people would be happy earning $49,999 than $60k (and may even try to negotiate with the employer to reduce the salary)
- austenallred 9y agoI suppose that's a risk we have to take, though being willing to forgo $10k of income for two years ($20k) in order to avoid paying $20k seems a little silly; all you'd gain are the taxes, but you'd also have a hard time getting a raise, etc.
- JavaOffScript 9y agoUnless they form a contract with their employers saying they will take 49,999 for 2 years with a guaranteed raise to 60k at the end. Employer saves money, employee saves money, school gets screwed...
- austenallred 9y agoIf that's how you want to optimize your life, congratulations. You cheated the school that gave you a chance out of a few thousand dollars. Might be smarter to just get paid more :)
- brlewis 9y agoThe way I read it you collect 17% once they start earning $50k+. Do you really collect nothing if their first two years are below?
- austenallred 9y agoIf they make <$50k we wait until they're making more, for up to five years. We will keep trying to get them a high paying job the entire time.
- jrowley 9y agoBut then the student is caped at $49k for life, when they should be able to double or triple that salary over 20 years, which will easily pay off the loan.