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by threetonesun 20 days ago
Assuming you’re not talking about a loan to do this (at which point you’ve reinvented indentured servitude), back when there was a smaller pool of college graduates it was easier to find a company that would pay for your education, some even offering bonuses if you completed it.
1 comments

Not sure I understand: why would a loan be indentured servitude if it funds an education (not binding employment etc.)?
If there is no expectation of future income or employment, and no collateral since you don't have any. Then who would lend you the money?

I don't think anyone is stopping the private sector from extending "student loans" if they were such a good business.

Of course, there would be an expectation for loan repayment (most likely from employment somewhere). Is any unsecured/uncollateralized loan indentured servitude for you then?
If what you're imagining is a zero equity zero income dischargable unsecured consumer loan to 18 year olds, then nobody is going to provide that loan.
So company A pays for your education to go work for company B (their competitor) and all they get is a lousy interest rate with no security? If they don’t get ten years (or whatever amount) of your output, why waste the time and energy when someone else will do it for them?
Lending is a business in itself, no?
Sure. Maybe in the future we can just add a years tuition to the Apple Card when buying the Macbook for college.