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School Lets You Pay Tuition By Selling 17% Of Your Future Income

By: capt_nemo in POPE 5 | Recommend this post (0)
Tue, 09 Apr 19 2:42 AM | 45 view(s)
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Step side student loans: the Lambda School is the first school to equitize human labor as a business model.

Based in California, the school teaches information technology skills online and charges zero tuition, according to Bloomberg. In fact, it even offers select students a stipend as they attend. The school's website describes it as a school that "trains people online to be software engineers at no up-front cost."

But as always, there is a catch: what The Lambda School does ask for, is for students to pay back 17% of their income from the first two years of working, if their earnings exceed $50,000 per year. The school caps a student's maximum payment at $30,000 and those who don't earn $50,000 per year aren't required to pay anything. Students also have the option of a "traditional" schooling arrangement where they pay $20,000 upfront and get to keep their future income (after the government takes its cut, of course).


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http://www.zerohedge.com/news/2019-04-08/school-lets-you-pay-tuition-selling-17-your-future-income?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29




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