4 ms·
Sorry, but 25% of a persons salary for two years is a ridiculous amount of money. With a first year programmer making $75-$85k this cost will be similar to col
by dollar 12y ago
Sorry, but 25% of a persons salary for two years is a ridiculous amount of money. With a first year programmer making $75-$85k this cost will be similar to college debt. Will these payments qualify as tuition and be tax deductible? That could soften the blow slightly. I like the idea that companies will pay the school for their candidates and relieve the student burden. But why not go all-in on this model and just guarantee that the school will be able to place a graduate? The salary sharing model is just another form of debt.
- eonw 12y agoyou are aware of what most higher-end 4 year colleges cost? i think 25% of two years wages is a lot less debt than many are left with.
- nmrm2 12y agoThis is not true. The opposite is true. The average person has 27k, which means it's a pretty exceptional person who leaves college with 40k in debt (that's 25% of 80k over 2 years). The real cost disparity is probably even larger than 10k due to taxes.
- eonw 12y agoI am speaking about higher-end, which they seem to be looking to compete with, not averages. Also the 2013 average is $28.4k across the board, with private colleges closer to $39.9k. You are also assuming that the person will be making $80k. A fresh grad outside of SF probably wont be making that.
- nmrm2 12y agoBe consistent. Graduates from top private/public unis will have more debt, sure, but they also do make 80k+ on average, as a matter of fact. So the debt load is best case comparable in 1/2 the time and for no degree. As others have pointed out, undergrad debt numbers include R&R but the 25% for 2 years doesn't. What's 2 years of rent in SF for two years.
- eonw 12y agoYou are welcome to your opinion, but i think you are wrong.