Very interesting NYT article: No Tuition, but You Pay a Percentage of Your Income (if You Find a Job)
Great to see this!
No Tuition, but You Pay a Percentage of Your Income (if You Find a Job), https://www.nytimes.com/2019/01/08/business/dealbook/education-student-loans-lambda-schools.html, 8th Jan. 2019
A small extract from the article:
"It is an approach meant to treat students as investments rather than cash cows — a fundamental shift that could finally lift the crippling debt load we routinely push onto students. But it also comes with a peculiar kind of danger: By seeking safe investments, programs like this could cast aside the strides made to expand educational opportunities to higher-risk students and reduce the appeal of educations that focus on noble, but lower compensated, professions."
Ravi: Well, let's first focus on freeing students from the horrific student debt problem. We can worry about the other aspects later and come up with ways to fix them.
Note that like USA, India too has a big issue of high cost of higher education leading to a student or student's parents' debt problem but I think it is not as bad as that of USA, as of now. But Indian higher education field looks up to USA higher education field and tends to follow it. So solutions to student debt problem of USA, would help Indian higher education field as well as they might tend to follow similar solutions in India.
[I thank nytimes.com and have presumed that they will not have any objections to me sharing the above small extract from their website on this post which is freely viewable by all, and does not have any financial profit motive whatsoever.]
No Tuition, but You Pay a Percentage of Your Income (if You Find a Job), https://www.nytimes.com/2019/01/08/business/dealbook/education-student-loans-lambda-schools.html, 8th Jan. 2019
A small extract from the article:
"It is an approach meant to treat students as investments rather than cash cows — a fundamental shift that could finally lift the crippling debt load we routinely push onto students. But it also comes with a peculiar kind of danger: By seeking safe investments, programs like this could cast aside the strides made to expand educational opportunities to higher-risk students and reduce the appeal of educations that focus on noble, but lower compensated, professions."
Ravi: Well, let's first focus on freeing students from the horrific student debt problem. We can worry about the other aspects later and come up with ways to fix them.
Note that like USA, India too has a big issue of high cost of higher education leading to a student or student's parents' debt problem but I think it is not as bad as that of USA, as of now. But Indian higher education field looks up to USA higher education field and tends to follow it. So solutions to student debt problem of USA, would help Indian higher education field as well as they might tend to follow similar solutions in India.
[I thank nytimes.com and have presumed that they will not have any objections to me sharing the above small extract from their website on this post which is freely viewable by all, and does not have any financial profit motive whatsoever.]
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