Ah yes the classic “work wherever you want and if you get a job in the field you got a free education for you pay up to $30,000, if not you don’t pay anything” indentured servitudehttps://twitter.com/spmurrayzzz/status/1016021475021721600 …
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You're making a semantic argument whereas I'm making a principled one.
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Based on what principle? That paying a percentage of salary is inherently bad?
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Inherently? No, not out of context. But it seems unlikely that the majority of folks entering into these programs can just take 7+ months off in their life without having to take care of life expenses. Given they can't get a student loan, they are forced elsewhere (1/2)
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... and I would bet that means credit cards for most. Which have a much higher average APR than student loans at ~5%. So if they don't get a job, thats a massive burden. If they do, they are giving up a large portion of the salary (I assume pre-tax?) before paying those off
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Nope, if they don’t have living expenses covered they can attend the part time class or work with our nonprofit fund for living expenses.
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So you assume someone working part-time can cover 100% of living expenses without extraneous borrowing? There are some people working 2-3 jobs at a time just to make ends meet. What is the criteria for assistance from the nonprofit fund?
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We don’t assume anything, we check and make sure
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I really like the idea behind the nonprofit fund, if there's any public material on that I'd like to check it out.
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