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Income-sharing agreements let students trade future earnings for investment

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Re: Income-sharing agreements let students trade future earnings for investment

#241

Post by screye »

Talyen42 wrote: post #7

Equity-based student loan funding is way less predatory than debt-based student loans, in my opinion, but every comment I read screams "slavery" and "wage-slave". Of course, both types of funding can be benevolent and/or predatory depending on how you structure the terms, just like anything else. Unfortunately, our laws don't do a very good job of educating or warning young adults who are all entering predatory loan…

It might be because most people here are software engineers.

If a person's new grad salary is high enough to pay off student loans inside of 2 years, then this arrangement is a lot worse financially than a simple student loan. The job market for CS, also makes it so, that a loan is pretty low risk. a half-decent job is nearly guaranteed.

Flip the major to something with a lot more income insecurity, and these schemes make sense.

> Vemo Education, which vets students at Purdue and a handful of other schools on behalf of potential investors.

This statement does worry me though. It seems like they would only invest in a candidate if they were already on their path to success. These candidates were probably never at risk of not paying their student loans in the first place. I wonder if they expanded their pool to more risk prone students, would such an investment system be sustainable at all ?

Re: Income-sharing agreements let students trade future earnings for investment

#242

Post by skookumchuck »

SketchySeaBeast wrote: post #217
skookumchuck wrote: post #209

Earlier quoted context omitted.

I attended public high school, where everything was free, and a private college, where everyone paid to attend. What a difference. High school was populated by people "doing their time", who wanted to get by doing as little as possible, thought it was cool to be disruptive, cut classes, etc. They definitely dragged the whole thing down for the others. College was different. People paid to be there, the work was hard,…

You're also describing the difference between children and adults. In fact, I think you'll find that the older the college students the less the disruption.

When I was a boy I'd not take care of my shoes, wearing them out very quickly. My father applied a simple solution. He said if I wanted new shoes, I had to earn the money to pay for them.

My shoes started lasting several times longer. I was still a child.

My dad didn't think of this himself. The Army had the same problem with combat boots, and solved it by having the GIs pay for their boots.

Re: Income-sharing agreements let students trade future earnings for investment

#243

Post by nostrademons »

zrail wrote: post #129
rukittenme wrote: post #116

Earlier quoted context omitted.

> and ban charters. Why? What's the difference between publicly funded versus publicly funded and operated?

The current incarnation of charter schools are a problem because they can choose who they want to admit with very loose regulations. Anyone who looks like they might be expensive or against whatever their corporate beliefs happen to be are not admitted. Public schools have to take everyone, which means they get the most expensive students (read: special needs and disabled students) while being stripped of revenue tha…

Which state? In Massachusetts all charter school admission is by lottery, with preference given to siblings of existing students and students who reside in the district the charter school is located in.

Re: Income-sharing agreements let students trade future earnings for investment

#244

Post by stale2002 »

danans wrote: post #231
dsfyu404ed wrote: post #155

Earlier quoted context omitted.

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".

It was never a conservative meme, and it isn't one now. It's just a stupid over-generalization today, as it was in the past, regardless of the politics of the person who uttered it. Nonetheless, the parent posts' point and evidence still stands, that the largest groups of degrees granted are in subjects of value.

> Nonetheless, the parent posts' point and evidence still stands, that the largest groups of degrees granted are in subjects of value.

I strongly disagree with that. "Business" majors are an effectively general education humanities degree, that is pretty worthless a lot of the time.

The same goes for biology, actually. Yes, it is a hardish science, but the career path for biology majors is pretty grim.

Re: Income-sharing agreements let students trade future earnings for investment

#245

Post by zrail »

nostrademons wrote: post #243
zrail wrote: post #129

Earlier quoted context omitted.

The current incarnation of charter schools are a problem because they can choose who they want to admit with very loose regulations. Anyone who looks like they might be expensive or against whatever their corporate beliefs happen to be are not admitted. Public schools have to take everyone, which means they get the most expensive students (read: special needs and disabled students) while being stripped of revenue tha…

Which state? In Massachusetts all charter school admission is by lottery, with preference given to siblings of existing students and students who reside in the district the charter school is located in.

You’re right, it varies greatly by state. I’m thinking specifically of Michigan.

Re: Income-sharing agreements let students trade future earnings for investment

#246

Post by mamon »

TeMPOraL wrote: post #212
michaelchisari wrote: post #181

Earlier quoted context omitted.

Why do you think this hasn't happened in Europe?

Hasn't it? I'm all for public education, but at least in Poland, it seems that almost any half-decent job expects you to have education past high-school level.

Poland is a pathological case, because where communism fell we inherited one thing from it: obligatory two-year service in the army for all men of age 19 (except those with health issues, obviously). And one of the only few reliable ways to avoid it was to go to university.

The result was that literaly thousands of bullshit private universities were created not to educate you, but to help you avoid military. This also created additional income source for university professors, who earn pretty shitty salary in Poland.

Now, obligatory military service was abolished few years ago, but the trend of everyone going to college after high school remained.

Re: Income-sharing agreements let students trade future earnings for investment

#247

Post by instaheat »

mrguyorama wrote: post #158
instaheat wrote: post #75

Earlier quoted context omitted.

Chris, I understand what you are saying. Of course we care to help other people. Collectively, the US might be seen as "selfish" but I think at a certain point, you have to understand you do not want to harm yourself just to help someone else. I really feel for people who will go to great lengths to help others, even if it reduces the quality of their own life just because it's the "right thing to do" My mother-in-la…

>Again, I GET IT. But do you understand why some may have these selfish viewpoints? A complete lack of empathy for fellow people

Cue the violins.

Re: Income-sharing agreements let students trade future earnings for investment

#248

Post by instaheat »

Jotra7 wrote: post #78
instaheat wrote: post #75

Earlier quoted context omitted.

Chris, I understand what you are saying. Of course we care to help other people. Collectively, the US might be seen as "selfish" but I think at a certain point, you have to understand you do not want to harm yourself just to help someone else. I really feel for people who will go to great lengths to help others, even if it reduces the quality of their own life just because it's the "right thing to do" My mother-in-la…

>Again, I GET IT. But do you understand why some may have these selfish viewpoints? Psychopathy.

Sound analysis from one sentence.

Re: Income-sharing agreements let students trade future earnings for investment

#249

Post by instaheat »

danans wrote: post #237
instaheat wrote: post #75

Earlier quoted context omitted.

Chris, I understand what you are saying. Of course we care to help other people. Collectively, the US might be seen as "selfish" but I think at a certain point, you have to understand you do not want to harm yourself just to help someone else. I really feel for people who will go to great lengths to help others, even if it reduces the quality of their own life just because it's the "right thing to do" My mother-in-la…

> but I think at a certain point, you have to understand you do not want to harm yourself just to help someone else. What's special about the US among highly developed nations is that we've convinced ourselves that most of us would be harmed, when it's likely that only a very well-off minority would be harmed (where "harmed" means "be slight less well-off, but still well off").

You're making it completely about monetary value. I'm talking about people taking time away from their own families, going to extreme lengths just to help another human being. That's crazy to me.

Re: Income-sharing agreements let students trade future earnings for investment

#250

Post by danans »

instaheat wrote: post #249
danans wrote: post #237

Earlier quoted context omitted.

> but I think at a certain point, you have to understand you do not want to harm yourself just to help someone else. What's special about the US among highly developed nations is that we've convinced ourselves that most of us would be harmed, when it's likely that only a very well-off minority would be harmed (where "harmed" means "be slight less well-off, but still well off").

You're making it completely about monetary value. I'm talking about people taking time away from their own families, going to extreme lengths just to help another human being. That's crazy to me.

That's crazy to me too, but it is also so rare that it is irrelevant to questions about societal resource distribution.
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