4 ms·
It’s an income share agreement, which is quite different than a loan, and you only repay if you get hired making $50k 94 more. And it’s also a school that’s run
by austenallred 8y ago
It’s an income share agreement, which is quite different than a loan, and you only repay if you get hired making $50k 94 more. And it’s also a school that’s run quite differently than other schools out there. We have to do everything differently from first principles to make this work.
If your point is “the $2,000 isn’t free” then yes you’re 100% correct.
- Nasrudith 8y agoThat brings to mind the literal classical lawyer joke/logic exercise Paradox of the Court. https://en.m.wikipedia.org/wiki/Paradox_of_the_Court https://en.m.wikipedia.org/wiki/Paradox_of_the_Court Paradox of the Court. I suspect the $2k could suffer from a free-rider problem from those who never intend to acquire such a job - especially in low cost of living areas with few jobs but unwilling or unable to relocate. Ideally it wouldn't make sense to do so.