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Education without loans: How income-share agreements can reshape education
- verdverm 6y agoAnother way for University-Finance complex to dupe students and extract more wealth from young people before they have the experience to make these calls sufficiently well (on average) ?
- aiscapehumanity 6y agoWhile it is a compromise and probably some progress, I think you're right that it would disincentivize any pressure to radically transform education and more importantly high-education to better serve folks.
- verdverm 6y agoI think the change we need is to move back towards a mentorship model. Maybe with the move towards automation, we can have more people available for teaching
- Proven 6y agohow can someone have the "experience" or capacity to decide to go to university and yet be unable to understand an income sharing agreement? how can someone have the mental ability take out a student loan and not have the ability to sign an income sharing agreement? and how young people decide to fund their education is none of our business in the first place.
- cwhiz 6y agoI love this idea. It completely removes the downside risk for students. The example in the article was a pilot who used an ISA to fund $21,000. He has to pay it back with 7.5% of his salary with a cap at $42,000 repaid or 104 payments. He might ultimately end up paying a bit more than if he had a typical student loan but he could also end up paying substantially less. He is an entry level pilot during Covid-19, after all.