Quote:Exactly.  It would be up to the "real world" (private business) to determine how much a puppeteering degree is worth vs. an engineering degree.  Business and investment firms, not government would assume the cost and the risk associated with paying for education.

 

 

Not really (the indentured servitude part).  Say for example a student gets and engineering degree under the program.  Perhaps the student was good enough to pass college, but isn't really that great of an Engineer.  Said student might end up working for far less salary than someone that is actually good in the field.  The investment firms have no control over what the person does after college.  Perhaps someone goes to school and graduates with an engineering degree, but decides that he/she would rather be a technician earning less salary than a typical engineer.

 

Again, the risk is assumed by someone else (private business) rather than the government or the student's family.

 

 

All very good points and certainly questions that need to be asked.  If I remember right, Mr. Rubio doesn't expand on it much in his book, but it's a good outline of a solution that could work.

 

Regarding the student defaulting issue, again a program like this is designed for future employers and investment firms to assume the risk.

 

 

Remember though, his example was for someone that maybe needed $10,000 to complete their final year.  Perhaps that person has some of their own money to assist in paying for the remainder of his/her tuition.

 

This is a specific example though, of ideas that can solve part of the problem of education without raising taxes.  I would like to see something specific from Bernie Sanders regarding the issue.  All I've seen him say so far is that he would raise taxes and make a public university education "free".

My point about indentured servitude should have been expanded on. What I meant to say was a few years down the line after the flow of kids to invest in purely on a % of their paycheck has smoothed out, the investment firms will then need to make even more money. I can see a solution to that being them switching from funding the education for just a repayment per month based on salary to the repayment per month while working for a firm of theirs for the 10 years or w/e amount of time and taking the money from them while having clauses that if they quit they owe all the money.

 

I am just saying I could see it morphing just beyond it being a pure investment opportunity because the nature of the free capitalistic market is to find new ways to make more and more profit. 

---