> We train people to become software engineers, and we charge nothing until a student gets a software job that pays more than $50k/yr. At that point we take 17% of income for two years (capped at a maximum of $30k total).
This is similar to how all university tuition fees in the UK work, with slightly different numbers. A very sensible solution to the astronomical cost of education, provided people want to get jobs.
In the current UK scheme you pay 9% of the amount you earn over £21,000, or nothing while you earn less than that. Debt written off after something like 25 years if unpaid.
This is similar to how all university tuition fees in the UK work, with slightly different numbers. A very sensible solution to the astronomical cost of education, provided people want to get jobs.
In the current UK scheme you pay 9% of the amount you earn over £21,000, or nothing while you earn less than that. Debt written off after something like 25 years if unpaid.