11–20 of 83 posts
Here in Australia everyone can go to college and what happens is that the tax office keeps track of the money you owe and then as you start earning money they pay the loan back through a tax increase. You also get a discount if you have the loan back quicker. It's all seamless and you can also add books/computer to the loan as well.
Indentured servitude is a pesky problem that keeps resurfacing in various forms though modern history.
Two components of indentured servitude is that they do not permit you to leave your work until you have paid the debt, and secondly that they charge you so that you can never escape your debt. A final onerous part of real indentured servitude is that debt can be passed to your children, and many generations can be born into slavery and never leave it. [Source: Disposable People]
[edited to remove bankruptcy reference. Apparently it doesnt help]
The craziest part, IMO, is that I had to make a decision whether or not to take on $175,000 in debt (I went to RIT, it costs $44,000 per year) when I was 18 years old and had never handled more than $300. Sure! Sign me up! I couldn't even imagine what that much money would look like, let alone feel like to pay back- at that time, it was as equally mysterious as $10,000 or $1,000,000. Luckily, I left after my 2nd year…
As far as the $300 goes I take it you never worked in high school?
I would be curious to know the costs and implications for adopting an Australian solution. Here in Australia everyone can go to college and what happens is that the tax office keeps track of the money you owe and then as you start earning money they pay the loan back through a tax increase. You also get a discount if you have the loan back quicker. It's all seamless and you can also add books/computer to the loan as…
I would be curious to know the costs and implications for adopting an Australian solution. Here in Australia everyone can go to college and what happens is that the tax office keeps track of the money you owe and then as you start earning money they pay the loan back through a tax increase. You also get a discount if you have the loan back quicker. It's all seamless and you can also add books/computer to the loan as…
Indentured servitude is a pesky problem that keeps resurfacing in various forms though modern history.
Indentured servitude (defined by the UN to be slavery) is nothing like taking on debt to go to college. Two components of indentured servitude is that they do not permit you to leave your work until you have paid the debt, and secondly that they charge you so that you can never escape your debt. A final onerous part of real indentured servitude is that debt can be passed to your children, and many generations can be…
Indentured servitude is a pesky problem that keeps resurfacing in various forms though modern history.
Indentured servitude (defined by the UN to be slavery) is nothing like taking on debt to go to college. Two components of indentured servitude is that they do not permit you to leave your work until you have paid the debt, and secondly that they charge you so that you can never escape your debt. A final onerous part of real indentured servitude is that debt can be passed to your children, and many generations can be…
Indentured servitude is a pesky problem that keeps resurfacing in various forms though modern history.
Indentured servitude (defined by the UN to be slavery) is nothing like taking on debt to go to college. Two components of indentured servitude is that they do not permit you to leave your work until you have paid the debt, and secondly that they charge you so that you can never escape your debt. A final onerous part of real indentured servitude is that debt can be passed to your children, and many generations can be…
I would be curious to know the costs and implications for adopting an Australian solution. Here in Australia everyone can go to college and what happens is that the tax office keeps track of the money you owe and then as you start earning money they pay the loan back through a tax increase. You also get a discount if you have the loan back quicker. It's all seamless and you can also add books/computer to the loan as…
Indentured servitude is a pesky problem that keeps resurfacing in various forms though modern history.
Indentured servitude (defined by the UN to be slavery) is nothing like taking on debt to go to college. Two components of indentured servitude is that they do not permit you to leave your work until you have paid the debt, and secondly that they charge you so that you can never escape your debt. A final onerous part of real indentured servitude is that debt can be passed to your children, and many generations can be…
Of course, it's not going to follow for generations, so you're right about the situation being substantially better than indentured servitude. But the metaphor isn't too far off the mark if its context is toned down a bit.