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> I hate letting my money sit in an account while smart kids can't afford college If you know of a smart kid that can't afford to go to college, you could make
by troupe 6y ago
> I hate letting my money sit in an account while smart kids can't afford college
If you know of a smart kid that can't afford to go to college, you could make them a reasonable interest loan and it would be a win for both of you.
- fakedang 6y agoThere's a YC idea there somewhere. Especially when a lot of family offices are looking at wealth preservation over volatility.
- jmalicki 6y agoWhat is YC about it? It's called a predatory private student loan.
- __MatrixMan__ 6y agoAgreed. It doesn't matter that I'm the one collecting interest instead of the bank--I've still set that student up to go forth and play zero sum games until they're out of debt, which is the kind of thing I'm wishing for a way to avoid.
- troupe 6y ago> I've still set that student up to go forth and play zero sum games until they're out of debt, which is the kind of thing I'm wishing for a way to avoid. You feel that society investing in education is a zero sum game?
- fakedang 6y agoWell most of YC is predatory pricing covered in a veneer of good intentions and tech.
- chillacy 6y agoThere are things called Income Sharing Agreements that in theory better align the incentives of lenders and students.