3 ms·

How is it predatory if they don't charge any money upfront?

• sandofsky 6y ago
  Some students pay up front. But if you want to focus on the ISA, the terms are for five years. If the program delivers no value, you only get out ahead if you decide to give up programming until it expires. Imagine the program failing you, you decide to pursue an associate's degree, and still owing them money.
  • austenallred 6y ago
    Imagine a degree failing you and owing money plus interest literally no matter what happens
    • sandofsky 6y ago
      Again, you're trying to change the topic. We are not talking about colleges. We're talking about whether ISAs can fail, and they can. But to answer your question, I have two relatives that successfully discharged their student debt due to financial hardships. ISAs have no similar process, short of hiring a lawyer and hoping for the best.
      • austenallred 6y ago
        We have a hardship process as well. If there were a way to design a perfect financial instrument we would - we get as close as we possibly can. You have to construct a chain of what-ifs to generate a scenario as bad as what is the default everywhere else (and it’s still better), yet you are constantly yelling about how evil we are. Perhaps just re-examine your priors?
        • sandofsky 6y ago
          Let's talk about some concrete evils, then. How many students have you pressured into signing NDAs as part of your "hardship process"?
          • deleted 6y ago
            [deleted]