Posted on 04/10/2017 6:24:39 PM PDT by TaxPayer2000
So is the state going to sue for tuition reimbursement if a student leaves NY? Would a student who took advantage of the free tuition and moved to CA be sued in CA.
A smarter move: after graduating from a college in NY, the state will reimburse your tuition if you majored in a STEM program. If you majored in a studies program, no tuition reimbursement for you. I see Como’s program churning out more people with .... studies degrees.
“Modern indentured servitude, eh?”
Ya beat me to it.
Wasn’t part of the original bill, BS. It was always going to be they just wanted to stick it in at the end.
>>Why? (No argument,I really dont know.)<<
It will hold up. It is a contract with both parties giving up something of value voluntarily.
Simple contract law.
I 100% guarantee even as foolish as NY is they vetted this legally.
Thanks !
.
And what if they can’t find a suitable job in New York?
>>And what if they cant find a suitable job in New York?<<
From what I read, this is a student loan with a forgiveness clause. If you don’t perform the covenant, it just becomes repayable like any other student loan.
There are teaching loans that are forgiven only if the teacher spends a certain amount of time in inner cities and the like.
This is the same. A loan with conditional forgiveness.
Wow! “Escape from New York City” is not just a movie.
The Community college is practically free with NYS Grants.
Kids might even consider A JOB....like my kids.
Pay back? That's racist. They will raise a fit of being offended and their debt will be forgiven. Just watch.
I think the kid raised a good point about New York being a better bet for some industries and not others. Seems to me a good strategy might be for the student to put aside the money he expected to pay in NYS tuition, or even invest it. If he decides to leave, he's had use of the money and perhaps made some with it. If he wants to stay, he's started a nest egg (which he'll need at New York prices and taxes).
This is the kind of benefit I'll accept, but cheerfully vote against if I get the chance.
Someone’s going to pay...
I see a new business opportunity here.
For a small fee, you can be “employed” in the state of New York for student loan purposes only. The fee may depend on the minimum number of hours per week you must work and if it is allowed to have your wages at 100% commission.
I assume thee are no residency requirements. It would be insane to require you to both live and work in New York.
Unknown mob guys, "We'll do this thing for you but, sometime, we might need you to do something for us."
1981 FEE SEMINAR BOB ANDERSON PT 1
https://youtu.be/dJIZitQ18S8
1981 FEE SEMINAR BOB ANDERSON PT 2
https://youtu.be/pqNiz6J0xsg
It is totally voluntary. No one has to take the deal.
I would not ever offer such a cushy deal with other peoples money in the first place.
The high paying jobs with the real challenge are in Silicon Valley
...but not THIS one.
How can I, a FReeper, speak such heresy?
State/local governments do this kind of thing all the time, as does the federal government.
The feds (at least used to) have a program for student loan forgiveness for those who go in the military. Don't know if it still exists, but at least it used to.
State/local governments grant tax breaks and build out infrastructure on a fairly regular basis to attract industry to their locality. Some local governments work with industry to build out vocational training programs as well as college programs to build a trained workforce for the industry. These things are seen as win-win deals as they bring money into the local area.
So I could see such a thing at the New York State level, but with some caveats.
Now am I naive enough to think they'll implement the bullets above? Of course not. That's why I said "I can see some kind of plan, but not this one."
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