While this program could be useful to many students, it's a loan program.
> Upon completion of the program, students will pay 10% of their salary for a five year period once they're making at least $50,000 per year. The max possible payment is capped at $50,000.
It’s an income share agreement, which is quite different than a loan, and you only repay if you get hired making $50k 94 more. And it’s also a school that’s run quite differently than other schools out there. We have to do everything differently from first principles to make this work.
If your point is “the $2,000 isn’t free” then yes you’re 100% correct.
I suspect the $2k could suffer from a free-rider problem from those who never intend to acquire such a job - especially in low cost of living areas with few jobs but unwilling or unable to relocate. Ideally it wouldn't make sense to do so.
> Upon completion of the program, students will pay 10% of their salary for a five year period once they're making at least $50,000 per year. The max possible payment is capped at $50,000.