Re:Entrepreneurs offer their life’s future earnings for an i...
by OmniLarry on Thursday March 04, 2010 @02:57PM
(#1167864)
Sounds kind of like the public school system (not including university) and taxes.
Re:Entrepreneurs offer their life’s future earnings for an i...
by HeyLaughingBoy on Thursday March 04, 2010 @04:49PM
(#1168140)
The version of this that I've seen work is the "Northern Exposure" one (remember that TV show?).
I had a friend whose MS in Nursing was paid for by a state government and in exchange she had to agree to work for a number of years (I think 3) at a hospital in a low-income neighborhood that was having trouble attracting good nurses. Yes, she was paid, etc! It worked out great since she got a free education and found out that she enjoyed working with that particular population and the state had one more highly qualified nurse on its roster.
Win-win incentives like these have a fighting chance, "opportunities" that are heavily weighted in one party's favor tend to not do so well.
Right now, the armed forces in America regularly engage in a similar practice by paying for school in return for a commitment, and maybe their agreements could provide a model for a more entrepreneurial version down the road: We'll invest in your education plus a start-up stipend, in return for a stake in you and your projects during college + x years after, with a clause that you can leave at any anytime and assume your debt with a high level of interest.