My education (Bachelor's degree) was sponsored by an agency with a term that I would have to serve them for a period of five years or break the bond by paying a sum of 20000 USD. Right now, I earn about 800 USD a month and the job is mind numbing. I have been serving them for about 15 months and would have to go on for 45 more months. How do save / earn USD 20000 in the shortest time possible ?
I need 20000 USD to pay my education bond
1–10 of 27 posts
Re: I need 20000 USD to pay my education bond
#2get them to fire you?
Re: I need 20000 USD to pay my education bond
#3$800 / month is a bit on the low side I'd think. Ask for a raise and save the remainder?
Try to find an employer that is more respectful of your time, and take out a bank loan (interest rates are really low right now) or come to some kind of pay-in-installments agreement with your current employer.
Finally, there is always the option of declaring personal bankruptcy but I'd only use that if you feel that your employer has acted dishonestly, I see no evidence of that.
Re: I need 20000 USD to pay my education bond
#4This sounds pretty close to indentured servitude. Are you in the US? Did you come from another country?
I'd look into pursuing human trafficking claims against the "agency":
http://en.wikipedia.org/wiki/Debt_bondage http://en.wikipedia.org/wiki/Victims_of_Trafficking_and_Viol...
You might also want to check with the labor board in the state you live in, or the US Department of Labor to see if the agreement is even legal. If it's not, or the agreement is questionable (sounds like it), they can put pressure, negotiate, or prosecute the agency on your behalf.
Re: I need 20000 USD to pay my education bond
#5This sounds pretty close to indentured servitude. Are you in the US? Did you come from another country? I'd look into pursuing human trafficking claims against the "agency": http://en.wikipedia.org/wiki/Debt_bondage http://en.wikipedia.org/wiki/Victims_of_Trafficking_and_Viol... You might also want to check with the labor board in the state you live in, or the US Department of Labor to see if the agreement is even le…
No, actually, I am from India. I have checked with lawyers and the agreement may actually not be legal, but I do not want to get into a legal mess, given the current state of Indian judiciary along the lawyer's expenses, it may get stretched for years. In the mean while, my prospects for higher education are at stake as I have to save for it as well. Right now, I am looking for somebody who could possibly guide me through a project, website or application that I can possibly develop in the mean while and pay my bond in a year or two.
Re: I need 20000 USD to pay my education bond
#6$800 / month is a bit on the low side I'd think. Ask for a raise and save the remainder? Try to find an employer that is more respectful of your time, and take out a bank loan (interest rates are really low right now) or come to some kind of pay-in-installments agreement with your current employer. Finally, there is always the option of declaring personal bankruptcy but I'd only use that if you feel that your employe…
I intend to continue with my education and as such, banks are not willing to finance my bond which would effectively leave me with no further source of income. My pay scale is non-negotiable and my first review for appraisal would be at the end of 2017.
I tried finding alternate job opportunities but my particular set of skills does not have a requirement in the current Indian industry as of now, but I am still looking.
Re: I need 20000 USD to pay my education bond
#7get them to fire you?
I cannot get them to fire unless on disciplinary grounds. Under performing would just get me humiliated. And my place of work is a facility where I am not allowed to carry my personal belongings such as my laptop and as such, I can not work my personal projects in the mean time either.
In case, I quit without notice, my bond surety would have to pay for the bond amount.
Re: I need 20000 USD to pay my education bond
#8$800 / month is a bit on the low side I'd think. Ask for a raise and save the remainder? Try to find an employer that is more respectful of your time, and take out a bank loan (interest rates are really low right now) or come to some kind of pay-in-installments agreement with your current employer. Finally, there is always the option of declaring personal bankruptcy but I'd only use that if you feel that your employe…
I intend to continue with my education and as such, banks are not willing to finance my bond which would effectively leave me with no further source of income. My pay scale is non-negotiable and my first review for appraisal would be at the end of 2017. I tried finding alternate job opportunities but my particular set of skills does not have a requirement in the current Indian industry as of now, but I am still looki…
Do you have "free" time after work?
If you have a decent programming foundation, I'd look into Android programming or other reasonably-paying skillset that you could use after hours.
One of my classmates started doing Android apps, the first year she ended up earning close to U$ 600/month extra, but now she makes U$ 2000/month extra, for 20 hours of work each week or so. (I'm in Uruguay, U$ 2000 monthly is more than a junior dev's salary).
I took the Coursera classes, and I'm going to release my first app sometime next month :)
https://www.coursera.org/course/androidpart1
There used to be plenty of "income reports" here on Hacker News from people that launch their own apps, it's certainly not overnight success, but the timeframe is significantly lower than 45 months :) . Plus, if you get good at it, you can do freelancing.
Re: I need 20000 USD to pay my education bond
#9get them to fire you?
I cannot get them to fire unless on disciplinary grounds. Under performing would just get me humiliated. And my place of work is a facility where I am not allowed to carry my personal belongings such as my laptop and as such, I can not work my personal projects in the mean time either. In case, I quit without notice, my bond surety would have to pay for the bond amount.
exactly get them to fire you on disciplinary grounds
also you can only work as hard as 800 is worth to you. and you can start a business in your part time, try to find a buddy to code some apps with
Re: I need 20000 USD to pay my education bond
#10Earlier quoted context omitted.
I cannot get them to fire unless on disciplinary grounds. Under performing would just get me humiliated. And my place of work is a facility where I am not allowed to carry my personal belongings such as my laptop and as such, I can not work my personal projects in the mean time either. In case, I quit without notice, my bond surety would have to pay for the bond amount.
exactly get them to fire you on disciplinary grounds also you can only work as hard as 800 is worth to you. and you can start a business in your part time, try to find a buddy to code some apps with
I expect that would not discharge the bond.