Yes. And it’s a kind of debt that actively disincentives getting a raise if that raise pushes you just above 50k. Since at that point you’ll start owing Lambda school 17% of your salary for 2 years. It actually does what people who don’t understand progressive tax rates think the tax system does.
Can you imagine going to Lambda school, not getting a good education, not getting a much higher paying job, then being stuck unable to get incremental raises past $50,000 so you don’t end up down $8,500 for 2 years?
Can you imagine going to Lambda school, not getting a good education, not getting a much higher paying job, then being stuck unable to get incremental raises past $50,000 so you don’t end up down $8,500 for 2 years?