Young rabbits sacrifice resources later for short term acquisitions now:
It soon may get easier for students to finance college by selling a share in their future selves.
Purdue University is partnering with Vemo Education, a technology firm, in hopes of spreading an alternative form of college financing pioneered at Purdue last year. The product, known as an income-share agreement or ISA, allows students to pay for college by selling a percentage of their future income to a backer, instead of paying out right or taking on debt. Typically, students who go into more lucrative fields pay a smaller percentage of their income during repayment, while students who go into less lucrative fields pay a larger share.
The r-psychologies are like rubes waiting to be swindled. Assuming resources will always be free, they will be all too happy to give up the rights to anything in the future, simply to be given a free resource now. As a result, in times of r, those who have the resources to provide something now can garner numerous promises for even more later.
All of these students are now going to go out into the world, shackled with the responsibility to produce resources for their benefactors later.
Of course ignorant to the r-selected psychology, their benefactors don’t realize that most of these students are probably assuming that they will be somehow freed from their responsibilities later, perhaps by government decree. After all, resources should always be free.
Spread r/K Theory, because the theory should be freely available to the world
this is sick and completely evil.
[…] r-selection Favors Wealth Inequality […]
“most of these students are probably assuming that they will be somehow freed from their responsibilities later, perhaps by government decree”
And you are exactly correct. Half of students believe their student loans will be forgiven.
http://www.breitbart.com/big-government/2017/02/26/poll-half-college-students-believe-student-loans-will-forgiven/
I can’t help but to agree with rabbits for the wrong reasons. I see this as brilliant. What better way to kill the most malignant elements of universities; the arts, humanities, and social sciences?
1. Having the student pay a percent of future income to the school is how some of the earliest universitys were funded (they’ve since changed in 900 years).
2. If the universities only got paid say 1 or 2% max of the students income for the life of the student, it would cut down on ‘Studies’ majors who earn crap. The univerities would only graduate student who do things like… Engineering.
I’d suggest a different approach – Student loans back by the ‘bank of University’…. if it is a good loan … then they make it if bad, then that student doesnt get his ‘Studies’ degree.
See everything can be r or K… it is the approach – the mind set that matters
In a weird way they just might. Dollar collapse could zero out debt. Of course, they have to survive until then.
This is a great idea, but there should be a law that the lender has no claim on the first $40,000 of the borrower’s annual income. If the borrower can’t find a job after college that pays at least that much, his education was worthless and the lender shall eat the loss with no bailout.
This would re-orient the education industry toward degree programs that lead to high-paying jobs and students capable of completing them. You could still major in e.g. Chicano Studies, but you’d have to pay the tuition up front.
In some ways this is similar to the way university degrees are funded in Australia, except the government keeps it all under its own auspices. Costs are covered by the government, and indexed at CPI. The government then garnishes their taxes once they exceed a certain income level, and by higher proportions the more one earns. If you die, your debt is extinguished.