Actually, it is a good idea to pay for your education - that is, when you have money (enough) for everything else.
I think that is where the problem is with student loans.
How many of those workers want a career in the strong sense of the word? Or will realistically be able to stick to it? 51% tax (40 Income Tax+11 NIC) is already a strong disincentive to work for me.
You can sell this service to people by saying that their earnings potential will increase if they will graduate, but then you will be liable for that premise. In fact, U.S. universities who receive Title IV money from Federal Government are liable to demonstrate to the U.S. Department of Education that their graduates find professional employment in their respective fields.
I wonder which regulations they might impose on such a private student loan.
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timeasmymeasure
no subject
Date: 2010-11-24 01:30 am (UTC)I think that is where the problem is with student loans.
How many of those workers want a career in the strong sense of the word? Or will realistically be able to stick to it?
51% tax (40 Income Tax+11 NIC) is already a strong disincentive to work for me.
You can sell this service to people by saying that their earnings potential will increase if they will graduate, but then you will be liable for that premise. In fact, U.S. universities who receive Title IV money from Federal Government are liable to demonstrate to the U.S. Department of Education that their graduates find professional employment in their respective fields.
I wonder which regulations they might impose on such a private student loan.