Quote:
Originally Posted by kick2dante
so i wanted to do a little more research on this before i brought it up to her (i cant figure out what the sponsors do for one)
i just googled it and there is very little info which isnt surprising, i also made thread about it on a cambo forum but got zero responses, so i tried to go to the site and ask them directly through the contact us link but now the link doesnt work
weird
You can
email the
director if you want. He's an economics lecturer in Australia.
Basically it's personal equity finance. What that means is that it works kind of like a student loan, except that how much you pay back depends on how much you earn. If you don't get a job you pay nothing. If you get a regular job you'll pay a small amount. If you end up with a high paying job you'll end up paying back more than you loaned.
Basically, it's like staking someone. Investors are betting on the students' success.
This table is taken from the website:
Hypothetical cost of a degree = $1000
HTML Code:
<pre>Average Income/year Repayment/year Total repayment (10 years)
$0 $0 $0
$500 $0 $0
$1000 $100 $1000
$4000 $400 $4000
$10,000 $1000 $10,000</pre>