Test 2

Your education would be free, up front:

Instead of charging students tuition — which often requires them to take out thousands of dollars in loans — students go to school for free and are required to pay back a percentage of their income after graduation, but only if they get a job with a good salary.

The idea, known as an Income Share Agreement, or I.S.A., has been experimented with and talked about for years.

[...]

Whether this model can — or should — be applied to the larger education system remains an open question. It clearly improves the financial incentives for the school and the student. But, if expanded more widely, it could press programs to ignore a traditional liberal arts education, where the earning power is reduced. If a student dreamed of a major in Russian literature, she may struggle to find a school that sees a knowledge of Tolstoy to be particularly marketable.

It also means schools may not be willing to take a chance on a promising but higher-risk student.

I wouldn't completely discount the fundamental ideas presented here. However, the article talks about the Lambda School, which takes a whopping 17 percent of a graduate's salary as payment for their education:

At Lambda, students pay nothing upfront. But they are required to pay 17 percent of their salary to Lambda for two years if they get a job that pays more than $50,000. (Lambda says 83 percent of its students get a job with a median salary of $70,000 within six months of graduating.) If they don’t get a job, or their salary is lower, they pay nothing. Payments are capped at $30,000, so a highly paid student isn’t penalized for success, and if a student loses a job, the payments pause

I would also share the concern that programs in business, engineering, and similar "high demand" careers would be the focus and the humanities and arts would suffer greatly. I can't tell you how many conversations that I have had with parents of prospective students who both figuratively and literally scoff at the idea of their child enrolling in a program like Art History or Communication Arts & Sciences.