[smokeyj]

> I just can't get passed the 300%

At least you understand your mental limitations. But this is also a form of false charity, where you make decisions on behalf of others in order to signal virtue. This is a business model that should be supported - because those of us with basic economic literacy know that competition will reduce corporate profits to market rate.

College is a misplaced job training program that is a self perpetuating status symbol. The poor NEED this model to be disrupted.

[everdev]

Yeah, not a fan of college either, but I'm also against marketing high repayment loans to the poor.

Students already struggle with 5-7% student loans. Sure, this is less total money, but just bring the repayment down to something reasonable like $30k over 10 years to offer a rate that doesn't exceed maximum interest rate laws.

[smokeyj]

> Sure, this is less total money

Oh, MONEY - who cares about that stuff. Not the poor, they got tons of it.

I get the feeling you and your parents are well off. And I say that only because I've only met rich white people who are versed in Marxism.

[awb]

> I've only met rich white people who are versed in Marxism

Wow. I'm old enough to know that when someone tries to attack you personally, it's because of something deeper in their life and not about the subject matter anymore.

Sounds like you're really upset that someone wouldn't agree with you on this topic. If you're open to staying on the subject matter, are you OK with any limit? A $50k payback? A $100k payback?

A long time ago the US decided to put a maximum rate on loans. I guess I don't understand if you think maximum interest rates are Marxist or something else, because I'm only talking about the interest rate part of this equation.

[smokeyj]

Sorry I did get annoyed. I've had similar ideas for this model and ultimately feel like it would be dismissed out of a sense of moral justice. Would I be okay with a 100K payback? In theory sure, thats the model for elite universities and no one seems to be concerned for their wellbeing. The determining metric would be ROI. The proposed model limits risk and incentivizes instructors to produce the most valuable curriculum. As more companies compete in the space, unskilled workers win because they now have a bridge to become skilled. Not only that, they're receiving cash while doing so!

I want to see this model taken to the extreme. Offer luxury living to students while they learn, and offer work from home positions upon graduation. Have developers compete to create modern campuses that compete for unskilled labor. They would only do this knowing there's profits to be shared by developing the unskilled to the skilled.