4% a year for how long and what's the cap? What if you never get a job? Any othe... | Hacker News

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		usegolang on Aug 15, 2017 \| parent \| context \| favorite \| on: Launch HN: Lambda School (YC S17) – CS education t... 4% a year for how long and what's the cap? What if you never get a job? Any other restrictions? Ps - forgive my shortness I'm on mobile.

notoriousjpg on Aug 15, 2017 | [–]

4% until you pay it off. The "interest" on your loan is pegged at inflation. If you never get a job you never pay it back. This is actually a problem for the gov, where older students study but never find a job in their field.

Great scheme overall though.

justonepost on Aug 15, 2017 | [–]

Yesh, how many years?? Two years is nothing.

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