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A comment on Launch HN: Modern Labor (YC W19) – Paying People to Learn to Code. Parent comment

Re:Launch HN: Modern Labor (YC W19) – Paying People to Learn... by ianmobbs on Friday February 22, 2019 @07:14PM (#19230453)
Yeah. For a $10,000 loan, assuming a $100k salary when you're done, you're looking at a $1,250 monthly payment/a whopping 139% interest rate[0]

[0] https://www.calculator.net/interest-rate-calculator.html?clo...).

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Re:Launch HN: Modern Labor (YC W19) – Paying People to Learn... by asd33313131 on Friday February 22, 2019 @07:17PM (#19230479)
The one difference here is the risk component of equity financing versus debt financing -- with debt, you have to pay no matter what, with equity, you pay only if there is money left over. I think in the future, as the cost of capital comes down, the percentages of income will come down a lot.
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