Honestly I'm not really seeing the problem with this... seems much less predatory than the way the loan system is set up now.
Especially since it's based on your income. I know that while I'm not having difficulty paying back my student loans, they are definitely onerous: if they were tied to my income, rather than a static amount I have to pay, that would make me feel much more comfortable and flexible in terms of finding a new job.
and it doesn't saddle taxpayers with the funding, like many student loans are
Yeah, that's also a good point. Makes it that much more of a win for everyone involved: sensible repayment plan for the student, reasonable ROI for the investor, the schools get their tuition (which are frankly too fucking inflated thanks to the student loan system, but - whatever), and the taxpayer isn't on the hook.
Would probably want to make sure there aren't any legal loopholes lurking that could fuck anybody involved, but honestly this seems like a pretty damn solid model.
And the school's "performance" directly impacts them - they can't charge a tuition that isn't tied to the marketability of their degree, and subsidized by unlimited student loans, because an underemployed alumni population would produce low ROI for investors.
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