Good luck enforcing indentured servitude contracts. This has been tried.
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Sounds like you know exactly nothing about what we’re doing, so that’s a bold statement
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I do know about Yale's experiment along those lines and the difficulties they had. Are your contract terms on the internet somewhere?
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From the 70s? Yeah things are a little different now. They are but I don’t share the contract publicly. In short: 17% gross salary for two years Only when making $50k+/yr $30k total cap Expires after 5 yrs We get access to student’s bank account and tax returns
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It’s been working successfully for a number of schools and providing solid investor returns if there’s someone buying the paper. See Purdue, GS2, Vemo &
@TonioDeSo. There’s not a question of if the instruments work, jistnif the school does -
The returns to human capital investment are in general excellent, the problem has been that enforcing the contracts in the event of default has been non trivial. What changed legally to make it work, for has it only been operating post 2008?
End of conversation
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