2 ms·
That reminds me of the Paradox of the Court. Obviously not quite as straightforward but such a payment model does encourage at least some degree of sandbagging.
by Nasrudith 7y ago
That reminds me of the Paradox of the Court. Obviously not quite as straightforward but such a payment model does encourage at least some degree of sandbagging.
https://en.m.wikipedia.org/wiki/Paradox_of_the_Court https://en.m.wikipedia.org/wiki/Paradox_of_the_Court
On another note the idea rubs me as immoral in ways that loans don't for reasons I am not quite able to articulate. Like viscerally seeming too far too similar to indenteture.
- bumby 7y agoInteresting link, thanks for sharing! I found a link but couldn't add it to my original comment. There is a 5% salary payment for 15 years once the student reaches $25k. Sandbagging is possible but it seems like students would start working against their own monetary self-interest pretty early (from a salary perspective at least; who knows, I'm sure there's other creative ways to game the system).
- int_19h 7y agoIndenture is loathsome because the person under it is compelled to work. That isn't so in this payment model - they're free to work or not as they wish, and they are free to choose the amount of work, and their own balance of pay vs working conditions, and so on.