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Who's servicing them Vito?
Isn't this like a form of slavery? You can get education, but in exchange you have to sell us % of your future. More clever way to fuck students over?
Why would anyone work? If you don't work, government covers you 100%, so you can cash earn. If you do work, no help, and you owe % of your earnings.
Seems like a bad idea to me.
https://apnews.com/d25f4aeb92e449de9613c80c14ad4657/Colleges-ask-for-a-share-of-future-salary-in-lieu-of-loans
My daughter is starting community in the fall. We had the option of paying $20k to Cal State Long Beach, and quickly passed on that horse shit. Good to see we aren't the only ones saying no to massive debt, and that colleges thinking outside the box in a useful way for once.
I think it's a great idea. Colleges will be forced to offer majors that pay well.
My daughter is starting community in the fall.
Or work your way through college.
We had the option of paying $20k to Cal State Long Beach,
Isn't this like a form of slavery? You can get education, but in exchange you have to sell us % of your future. More clever way to fuck students over?
How many sports majors make more than minimum wages?
The greatest investment of all is investing in knowledge. Sure, you could be a loser and let the government support you for life like the stupid welfare queens with no brains or skills. But their welfare check comes from high wage earners who got the right skills/education.
Strategist saysThe greatest investment of all is investing in knowledge. Sure, you could be a loser and let the government support you for life like the stupid welfare queens with no brains or skills. But their welfare check comes from high wage earners who got the right skills/education.
Think about it. This will make education more expensive in a long run.
Because all it does is shuffle who pays, but does not create incentive to get a job. In fact it removes incentives to get a job.
- Percent of wages means, lots of those losers will apply to get "FREE" education but not a job after.
- Because it's financially better to be on welfare than to get a job. Getting a job to them means = lose welfare, lose free apartment, lose government paying utility bills, lose food stamps, and pay % of income to schools.
- Schools will now no longer recover the expenses for a long t...
You can get education, but in exchange you have to sell us % of your future.
Because all it does is shuffle who pays, but does not create incentive to get a job. In fact it removes incentives to get a job.
- Percent of wages means, lots of those losers will apply to get "FREE" education but not a job after.
- Because it's financially better to be on welfare than to get a job.
Good plan for your daughter. First two at the community college and then transfer to complete whichever degree she’s decided to pursue.
First two at the community college and then transfer to complete whichever degree she’s decided to pursue.
I’m planning to encourage my kids to take the same route. The Cal State system is way too freaking spendy,
we need highly qualified scientists, engineers, researches, etc etc to make new discoveries, invent life saving drugs, etc etc etc.Not those who majored in (fill in the blank)-studies.
FortWayne saysYou can get education, but in exchange you have to sell us % of your future.
The percenFortWayne saysBecause all it does is shuffle who pays, but does not create incentive to get a job. In fact it removes incentives to get a job.
- Percent of wages means, lots of those losers will apply to get "FREE" education but not a job after.
- Because it's financially better to be on welfare than to get a job.
Welfare doesn't pay shit. It's WAY more profitable to start your high paying career right away, paying a small percentage of your salary for a fixed amount of time. As mentioned in the article, and by others, this incentivizes the school to offer degrees guaranteed to make the student more successful after college(how novel!). Especially if it's a percentage and not a fixed amount...
https://apnews.com/d25f4aeb92e449de9613c80c14ad4657/Colleges-ask-for-a-share-of-future-salary-in-lieu-of-loans