We all know several people that are still paying off their college tuition debts, that have high income to debt ratios, and have to sacrifice quality of life to pay off their loans.
Is there another feasible way to fund your education costs? Although this proposed model to finance tuition costs is not new, it definitely raises some interesting questions.
I would think that if a college were to apply a revenue sharing model with students, they would do several things differently, such as:
- Ensure quality of education if exceptional
- Ensure that concepts taught are practical in real life
- Ensure that students accepted are top quality and are committed to success
Both parties have a lot to win and lose, so probability of success has to be guaranteed somehow. I wonder if students could also get "success insurance", just in case things did not turn out as you expected, as life usually teaches us.
Would you enroll to a college that allows you to pay education costs with revenue sharing model?
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