people shit on this because they're boring but to the extent colleges are about career prep this seems likely to correctly align incentives in the face of information asymmetryhttps://twitter.com/MarkAmesExiled/status/1020350417350389762 …
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A second side effect would be meritocratic, market-tested admissions processes Schools would actually have incentive to compete for objectively-promising students, with scholarships taking the form of lower earnings collection If you think admissions is biased, this solves that
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Another happy side-effect: we get some really good data on college ROI
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Or....more preferential admission of students with wealth, well-connected parents who can get them into good jobs...
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Also that, except if those students were going to get good jobs anyway why would they offer a cut to schools?
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Because it provides a veneer of meritocracy, of course.
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