Colleges at the breaking point, forcing ‘hard choices’ about education

Re:Colleges at the breaking point, forcing ‘hard choices’ ab... by dnautics on Thursday April 30, 2020 @03:57PM (#23035368)

Ironically, income share agreements are increasingly being challenged on the grounds that they violate the 14th amendment (being rather close to the indentured servitude model).

I think the (optics) problem is that it's a "more obvious voluntary fractional slavery program". So it's easy to criticize. Of course, because it's a less obvious voluntary fractional slavery program, non-dischargeable loans are simultaneously harder to criticize and harder for people to see the trap they're walking in to.

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Re:Colleges at the breaking point, forcing ‘hard choices’ ab... by xur17 on Thursday April 30, 2020 @04:23PM (#23035645)

I could be okay with income share agreements if they had a (short) time and percentage cap. Otherwise I feel like we'll have the same problem, students will sign agreements that they don't understand, and then end up paying for it for a large part of their life.

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Re:Colleges at the breaking point, forcing ‘hard choices’ ab... by mac01021 on Saturday May 02, 2020 @07:48AM (#23051180)

Is 10 years short? 20% for 10 years is what it would take for many computer science majors to pay for their degree. And that's ignoring the time value of the money.

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