Earlier quoted context omitted.
Tuition was much much smaller in that era too.
Because it wasn't being inflated by billions of dollars of non-dischargable loans.
[deleted]
Income-sharing agreements let students trade future earnings for investment
161–170 of 264 posts
Re: Income-sharing agreements let students trade future earnings for investment
#162Let's scale this up huge, let everyone take part, and have all of society invest in education and reap the rewards. We can call it "public education" and even capture the public externalities of having a well-educated population!
> let everyone take part
Surely you mean “force everyone to take part”.
> and have all of society invest in education
I would prefer you not “have” me or other people do things against my or their will.
Re: Income-sharing agreements let students trade future earnings for investment
#163Make the college free and provide students with a living stipend. Return higher education subsidies (and tax brackets) to their 1950s levels. Join the rest of the developed world.
What do you mean by "the college"? Community colleges are already affordable. Other institutions only charge that much because of price inflation caused by reckless lending. > Join the rest of the developed world. Let me tell you about the situation in Germany with its "free" universities: First of all, there's a three-tier school system with the lowest tier barred from higher education altogether, the middle tier re…
How would you get back on track if you were lumped into the "bottom third" after primary school? That seems far too early to make judgement calls about someones future, however I am not a child development expert by any means. One major problem with this is immigration. If a child moves to Germany at age 10 from and didn't know any German before the move, I doubt he would be stand a fair chance in this system.
Re: Income-sharing agreements let students trade future earnings for investment
#164Earlier quoted context omitted.
Many people also do not belong in an Engineering program, and that's why the 101 classes are designed to weed people out. That system already exists in higher education. At my (liberal arts) school, we have a two-strike policy. Strike 1 is when you have a sub 2.0 GPA in a semester; that gets you an academic suspension for 1 semester. You can rejoin only if you retake similar courses elsewhere and meet a minimum grade…
Anyone with a pulse can get a 3.0 GPA in college. Due to grade inflation a "C" has become a B. A 2.0 GPA in college is basically straight Fs. In order to average less than a 2.0 in college I would imagine you would have to not show up for your exams and refuse to do any assignments.
That's just not true. Have you ever taken organic chemistry, electromagnetics, or differential equations? They're incredibly hard courses, no matter how you slice it, and I'm just speaking from experience at a low-to-mid-level school. The entry-level computer science course at CMU (15-112) supposedly takes around 40 hours per week to complete homework for. Courses on the pre-med track will have pretty unforgiving curves too.
Re: Income-sharing agreements let students trade future earnings for investment
#165Am I reading this right? You have to pay 2.5% of your income for 7 years as a comp sci graduate for a loan of only $10k. Seems like a pretty terrible deal. Edit: Avg comp sci grad salary from Purdue is $72k, assuming 5% raises on average including promotions, you'd pay about $14.6k for this loan, which is roughly equivalent to a loan with an 11% interest rate per year over 88 months. Edit2: I was a business major, an…
It is a terrible deal. Lambda School’s stipend programme (places limited) pays students $2,000 a month for the nine months of their job training, while they get trained 40 hours a week and that includes interview prep and placement and job search help that makes university careers offices look like they’re going through the motions, not trying to get the students a job. And after paying students $18,000 and spending…
This seems pretty amazing. If anyone who's gone through this program sees this, what's the catch/is there a catch? Seems almost too good to be true.
Re: Income-sharing agreements let students trade future earnings for investment
#166Let's scale this up huge, let everyone take part, and have all of society invest in education and reap the rewards. We can call it "public education" and even capture the public externalities of having a well-educated population!
> let everyone take part Surely you mean “force everyone to take part”. > and have all of society invest in education I would prefer you not “have” me or other people do things against my or their will.
Interesting... I would prefer you not use the roads, schools, courts, plumbing, utilities, waste management, firefighting, ... that our taxes pay for. Unfortunately (fortunately?) I'm forced to tolerate you against my will.
I guess we all have to make sacrifices
Re: Income-sharing agreements let students trade future earnings for investment
#167Earlier quoted context omitted.
OP wasn't talking about funding the school via federal student loans, but instead via taxes which is why the inequality in my comment said "tax funded" and not "loan funded."
The investors will only offer the option when they think the combination of the student, the school, and the specific degree program will show a positive return on investment. This means that a school that does not offer the student an education that will enable them to make more money will not be considered as an option by the private investors. In theory a government agency could do the same, but I think there is e…
Is "make more money" the best criterion we can find for determining what educational paths should be encouraged and supported?
It's bad enough that students are likely to be naturally drawn towards certain career choices - such as advertising technology - because of the generous pay to be found in that sector, rather than because they see an opportunity to make the world a better place. Let's not give educational institutions an added financial incentive to promote the most lucrative courses and careers rather than the most beneficial ones.
Re: Income-sharing agreements let students trade future earnings for investment
#168Let's scale this up huge, let everyone take part, and have all of society invest in education and reap the rewards. We can call it "public education" and even capture the public externalities of having a well-educated population!
Or how about we give people the voluntary choice to participate, or not participate, in these efforts? That way those that prefer more expensive forms of education, can be free to do that and pay for it, and those who don't, don't have to do so.
An educated population is a public good. Particularly in a democracy.
Re: Income-sharing agreements let students trade future earnings for investment
#169Earlier quoted context omitted.
The fact that you're using cliched "conservative" meme tropes like "basket weaving" indicates you're not interested in having a non-ideological discussion about this. As of 2016, the most common bachelor's degrees in the US were in the areas of business and healthcare [1]: [1]: https://nces.ed.gov/programs/digest/d17/tables/dt17_322.10.a... From the table in the link: Business - 371,694 Health Professions - 228,896 P…
Basket weaving isn't a "conservative meme". It may have once been (in a time before memes) but that phrase is in common usage as equivalent to "any degree of little to no value".
Yeah, I can't wait for Amazon University to start graduating Warehouse majors. Now that's a degree of value.
Re: Income-sharing agreements let students trade future earnings for investment
#170There’s lots of things to reasonably debate about this. This is already an accepted practice for coding boot camps like AppAcademy, which I attended. At the time I couldn’t get a good job and was running out of savings. I was an adult cleaning golf clubs with high school students. Couldn’t get anyone to even look at my resume. AppAcademy’s application was purely merit based, they just wanted to know you could solve p…
I'm curious: how much was AppAcademy was responsible for you getting a job?
What do you think your odds would have been if, e.g. you did a coursera track or followed some online tutorials to build your first app instead?