Modern academia is anachronistic, if nothing else.
The latest trend that appears to be catching on is termed “income-share agreements.”
Schools such as Purdue University, Norwich University and Lackawanna College are offering to pay students’ tuition if students offer them a percentage of their future salary for a fixed number of years, according to an Associated Press report.
In contrast with traditional loans, in which students simply pay down the principal and interest until there is nothing left, students with income-share agreements pay back a percentage of their salary for a set period of time.
Uh, isn’t this just another name for “sharecropping?”
Perhaps universities ought to put a halt to the ongoing building spree which so many are currently engaged in – constructing fiefdoms that would make many a medieval lord envious – and get back to the business of simply educating students.