It's official. I'm putting together a non-profit fund that will fund student living expenses. Students will be expected to pay back into the fund when they're on their feet, and those funds will then be re-loaned to other students for 0 or very low interest. Details soon.
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I am well aware of how inflation works and how interest is positioned as necessary and the "logicial" thing to do. There are many, however, who reject that idea based on the morality and ethics around interest itself. In particular, many followers of the Abrahamic faiths.
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Ahh I see. Ya that’s a different consideration then. Hmm.
End of conversation
New conversation -
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Or perhaps cost of living, which is correlated to inflation but higher lately. Perhaps it’s not interest but a “pay it forward” amount alumni can elect to add, akin to a tip? So they can choose cost of living increase, an entire other student slot, or even
$X/paycheck foreverThanks. Twitter will use this to make your timeline better. UndoUndo
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