3 ms·
By what definition? In the lambda school case you only pay back if you’re in a job that pays >50k/year, it’s a percentage of income, and it’s capped at 30k. Ind
by gcheong 6y ago
By what definition? In the lambda school case you only pay back if you’re in a job that pays >50k/year, it’s a percentage of income, and it’s capped at 30k. Indentured servitude requires you to do basically anything for your indenture holder for no pay until you’ve paid it back. Student loans that cannot be discharged regardless of circumstance sounds far more like indentured servitude than an ISA to me so “not really” I think is a fair assessment.
- ghaff 6y agoYes. I'm not sure how making the payback variable as a function of salary up to some cap is something unacceptable while a fixed payment obligation is a run of the mill loan.