Posted on 03/10/2017 3:12:42 PM PST by TBP
It soon may get easier for students to finance college by selling a share in their future selves.
Purdue University is partnering with Vemo Education, a technology firm, in hopes of spreading an alternative form of college financing pioneered at Purdue last year. The product, known as an income-share agreement or ISA, allows students to pay for college by selling a percentage of their future income to a backer, instead of paying out right or taking on debt. Typically, students who go into more lucrative fields pay a smaller percentage of their income during repayment, while students who go into less lucrative fields pay a larger share.
(Excerpt) Read more at marketwatch.com ...
The best way to finance an education is for the student to work his/her way through.
Those decrepit, ivy league bastions of liberalism would go down the drain.
That’s called indentured servitude.
Hmmm. Buy up the contract of the ethnic and wymym’s studies programs majors, foreclose because their jobs don’t cover their obligations, and then I’ll have some cheap hands to pick cotton. Yeee-haaw! I see a business opportunity.
Cut the pay of the oversexed commie socialist professors
Sounds a bit like Indentured servitude.
“If college were a stock, I would SHORT it”
—Peter Thiel
I actually have a better plan for paying down student debt. Tax endowments at 10% of principal a year; terminate all tax loopholes for higher education, and lay a hefty surtax on big time college sports.
Think of the "reparations" down the road. </sarc>
I’ve been hearing radio ads for some investment that pays seniors for their life insurance. It sounds like if they have a 100,000 policy, you pay them 50,000 today, when they die, you are the beneficiary and double your investment.
It actually sounds interesting and I don’t think it’s unethical, especially if the seniors have no family or want them out of the will.
The drag is that you wake up every day and your first thought is “Is today the day?”
On the surface, I like the free market concept of this idea. I heard that in the black communities, it used to be common that if a man made it our of the ghetto and was successful, he would pass it on by sponsoring a young man from the community and pay his college with the expectation that the young man would do the same in a few years.
That stuff all makes perfect sense.
Those decrepit, ivy league bastions of liberalism would go down the drain.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
As they should. I wish to God President Trump would immediately cease and suspend all federal student loan subsidies. This is a TRILLION DOLLAR waste of money and our tax dollars should NOT be going to the fat cats in these liberal bastions of so called “higher education”.
I think that College of the Ozarks is the best way.
Not really. Indenturing ones self meant that you worked for someone but received no pay. You were given room board and clothing that’s all
No surtax. No principal tax. Eliminate ALL government funding of institutions and of students. prices will come down as the University gets exposed in all it’s financial finery to the Market.
No it doesn’t. You obviously don’t understand indentured servitude
Why not reduce cost of college? Quit making kids pay $300 per book each semester? It’s a ridiculous scam, and now, instead of enslaving them to huge financial debt, they are proposing making them slaves.
Yep. Ryan and, sadly, Trump are pushing to create a healthcare bubble that will further inflate healthcare costs the same way that the government’s student grants and loans cranked up the cost and down the efficiency of the college education racket. Ivanka, similarly, is pushing to do the same with childcare costs.
The sooner the air (government funding) is taken out of higher ed the better.
This is exactly like indentured servitude. In exchange for transport to North America and food, indentured servants gave up seven year’s labor, possibly more if there were “infractions.”
50% over a likely fifty year lifespan post college doesn’t sound terribly lucrative. Of course the financiers might be working with the private Mob or with the government Mob aka the CIA to abbreviate the period a bit.
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