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 ...
Am I understanding this correctly that if a person gets a degree in a better paying field the pay more? I got my degree in a good paying field, and I did end up making good money, but some of my classmates didn’t fare so well, so a degree isn’t everything.
How about these soft, whiny generation just actually work for it? I’m an 07 grad and did everything from driving/bodyguard escorts to being the closing DJ at a strip club. Heck, nothing beats real-world experience. I still swear the madam i worked for explained financial accounting to me better than my lib professors.
The servant received NO wages zero zip nada. The work was to pay off the debt for getting here or some other debt. These college students will give up s portion of their wages later for money today......that is a loan
Right. Try defaulting on a “loan” that’s a contract for a percentage of your income for ten years.
They don’t want to work since they’ve been raised in privilege and had it drilled into them to look for a life of privilege paid for by someone else. If these sprats worked as plumbers and electricians, I am certain that none of them would be in debt and by graduation, have substantial savings. These days the goal is privilege and comfort, not hard graft and honest industry.
A fool and their money.... well a fool and no money...
Enslave yourself for the rest of your life, go ahead.
Only way to do it is to work your way through school.
Indentured Servitude - an historic contract from before the birth of our nation.
The US Military had a form of that known as the GI Bill. I’m not sure what the current name for the program is.
The best way is to have the colleges pay guarantee the student loans.
Or unless you ended up with an employer like Laban!
How about if they go to a community college or a trade school and learn marketable job skills?
Take some advice from a real Southerner...
Pick your own damn cotton.
You’ll be better off in the long run!
Stupid students: join the military. Use GI Bill
My dad even asked me how much do I owe the university? He almost fell off his chair when I told him only 5 grand. He offered to pay for it but I said no, and told him I’m taking an internship in Hollywood. Rest is history. Buncha’ soft ass libs nowadays...
... and then there’s poor John Casor, indentured servant sued for his labor, for life, by his master Anthony Johnson. He lost and became the very first legal chattel slave in the British North American colonies. 1655, Northampton County, Virginia.
Try defaulting on child support payments
That’s indentured servitude as well.
You can do that with your home. Sign over the house but get a life estate. You get to live there till you die.
A lawyer in France did that. The woman turned out to be the oldest living person in France. The lawyer was pretty good about it. I don’t think the lady is still alive now.
Here is more about French real estate law.
The problem with that approach, although I support it in theory, is that the price of a college education has skyrocketed so high (thanks in large part to government policy) that students can't earn enough to make a significant dent in the ultimate cost.
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