> How do you know that your graduates are or aren't making more than 50k?
Great question. In addition to our income share agreement, each student submits a form to the IRS that will essentially copy us on their taxes. We have annual reconciliation based on those numbers to see if they match a student's self-reported numbers.
> You're essentially giving your students a loan and then having them repay it once they start earning money.
Eh, kind of. The biggest difference is if they don't get a job that pays $50k+ they don't pay us. Also, if you ever lose a job, your payments stop until you're back on your feet.
It's an equity instrument, and we think it's much better and more forgiving than loans as a result of that.
Great question. In addition to our income share agreement, each student submits a form to the IRS that will essentially copy us on their taxes. We have annual reconciliation based on those numbers to see if they match a student's self-reported numbers.
> You're essentially giving your students a loan and then having them repay it once they start earning money.
Eh, kind of. The biggest difference is if they don't get a job that pays $50k+ they don't pay us. Also, if you ever lose a job, your payments stop until you're back on your feet.
It's an equity instrument, and we think it's much better and more forgiving than loans as a result of that.