> The only thing I'd always questioned was whether such a scheme as described above could pass legal muster
Income share agreements are all-but blessed, at least in the US, and in Australia they pretty closely mirror how most student loans work.
> It bears a resemblance to involuntary servitude
The concerns of indentured servitude go away when you realize each student can live or work or do whatever they'd like, they willingly enter into the agreement, etc. We obviously want them to get a high-paying job, and it's in both of our best interests for them to do so.
Awesome, that's great to hear. And I completely agree with your last paragraph, my concern (without knowing the relevant laws) was always just what a judge would hear. Really glad to see someone doing this
> The only thing I'd always questioned was whether such a scheme as described above could pass legal muster
Income share agreements are all-but blessed, at least in the US, and in Australia they pretty closely mirror how most student loans work.
> It bears a resemblance to involuntary servitude
The concerns of indentured servitude go away when you realize each student can live or work or do whatever they'd like, they willingly enter into the agreement, etc. We obviously want them to get a high-paying job, and it's in both of our best interests for them to do so.