If you’re in my financial position, or yours? Sure, we’d be hesitant to trade away a percentage of salary for two years (capped at $30k total) once you’re making $50k+. In our students’? They don’t have that luxury.
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Replying to @AustenAllred @jaengelman
They do want a job but not as hard as someone who has paid actual cash to get the skills and gets to keep all of their future pay.
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Replying to @akarp @jaengelman
You’re assuming they come from equivalent economic circumstances
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You have two students of equivalent skill. One has been working in an Amazon warehouse making $11/hr. The other working in SAAS sales making $90k/yr. Former on deferred tuition, latter pays cash. A jr eng role comes along for $80k/yr. Who is more likely to take it?
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In economic terms, your assumption doesn’t take opportunity cost into account. Will you say no to the $80k/yr job and go back to the warehouse to save on tuition? By the way this is a *real* example, and the warehouse worker is now a software engineer at Uber
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(Also note that if you refuse the job the income share doesn’t go away, it’s just deferred until you do have a job that meets those criteria)
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Replying to @AustenAllred @jaengelman
My argument all along has never been that a typical (much less, any) grad would aim to simply avoid getting a job.
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I’m just pointing out that incentives of any given deferred tuition grad are structured in such a way as to promote strictly inferior choices vs if they had committed at least some pay for the skills.
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Simple example: let’s say a new grad can get a 50k/yr job easily or 70k/yr job if he chooses to jump through some extra hoops. Deferred tuition reduces the incentives to do the latter.
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Replying to @akarp @jaengelman
$50k - $8.5k tuition = $41,500 $70k - $11,900 tuition = $58,100 So still a $16,600 swing after tuition is factored in (instead of $20k.)
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I get what you’re saying, but IMO it might barely move the needle on the margin, it’s not going to cause drastically different outcomes. If you can get paid more you should.
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