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The 17% is capped at $30k and only happens if the student gets a job that pays $50k+. If the student doesn’t get a job that pays $50k+ the school makes $0. If
by austenallred 8y ago
The 17% is capped at $30k and only happens if the student gets a job that pays $50k+. If the student doesn’t get a job that pays $50k+ the school makes $0.
If universities had that tuition plan they would be bankrupt.
- marcc 8y agoOr, instead of bankrupt, they would likely focus on degrees that were marketable in the current economy. I feel that this option would really reduce the number students in some degree programs that aren't directly employable, or at least not at high wages. Universities could offer this today in some programs (CS, medicine, law, etc). But what about arts programs? Music? Are these employable enough to incentivize a University to to take a chance on students ability to repay?
- princekolt 8y agoThat's effectively how tax brackets work in several countries that have a null tax rate for people in the lowest income bracket. So only after you reach the next bracket you start paying any income tax.