Agreed that it looks more like an investment plan than a loan, especially with the funds being unlocked gradually upon completion of assignments and courses attendance.
My point was that if you strip out the marketing "good intentions" part (not saying that the good intention aren't there), then this looks like a financial product of sort. Which made me wonder why bother combining the financial part with the school. But I got the answer about that.
Note that I'm not in the US, so I can't really get a feel of how risky this is for the student. Is 40k/y a common starting salary for a beginner or is it usually higher? 15% is due when you get to 40k salary, so that would leave you at 34k/y. Is that comfortable, or is that 6k loss hard to absorb?
My point was that if you strip out the marketing "good intentions" part (not saying that the good intention aren't there), then this looks like a financial product of sort. Which made me wonder why bother combining the financial part with the school. But I got the answer about that.
Note that I'm not in the US, so I can't really get a feel of how risky this is for the student. Is 40k/y a common starting salary for a beginner or is it usually higher? 15% is due when you get to 40k salary, so that would leave you at 34k/y. Is that comfortable, or is that 6k loss hard to absorb?
I guess that depends a lot on the location?