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What are the downsides of this: Mandate that all (accredited, therefore regulated) schools charge a percentage of future earnings, rather than tuition. The ma
by harshreality 7y ago
What are the downsides of this:
Mandate that all (accredited, therefore regulated) schools charge a percentage of future earnings, rather than tuition. The market between employers and colleges will sort itself out. Every prospective student would know ahead of time what percentage of future earnings (up to some cap) they'd be giving up, per school, and would weigh the perceived value of the schools against the percentages they take.
- jb3689 7y agoThere is some talk about something like this, and I believe Purdue was trying it out already
- iguy 7y agoI believe the Australian & UK systems work a bit like this, too. Perhaps it's nominally a loan, but collected like income tax, with a threshold on how much you must earn to pay at all. However I don't think either is very flexible about different places charging very different fees, or different implied interest rates.