Yeah, I get from the company perspective how the risk is spread across multiple candidates. But from the individual perspective, it seems to be way higher than

Yeah, I get from the company perspective how the risk is spread across multiple candidates. But from the individual perspective, it seems to be way higher than the max interest rates allow. Now imagine colleges saying you can pay your $300k 4-year tuition up front or pay us 15% of your salary until you pay us $900k. Already wealthy kids will have an even bigger leg up in life because they'll pay their tuition up front. While those who had to choose between an aggressive loan or no education will have to pay an extra $600k. Right now, with student loans capped at 5-7% it's still a huge disadvantage to those that need to borrow. I can't imagine if this lending model is extended to classical universities how much a 300% repayment rate will drag down those who are already struggling with 5-7%.