{"id":178907,"date":"2018-07-22T18:00:00","date_gmt":"2018-07-22T23:00:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2018\/07\/22\/the-return-of-indentured-servitude\/"},"modified":"2018-07-22T18:00:00","modified_gmt":"2018-07-22T23:00:00","slug":"the-return-of-indentured-servitude","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2018\/07\/22\/the-return-of-indentured-servitude\/","title":{"rendered":"The Return of Indentured Servitude"},"content":{"rendered":"<p>Colleges are looking at the future, and <a href=\"https:\/\/wtop.com\/local\/2018\/07\/colleges-ask-for-a-share-of-future-salary-in-lieu-of-loans\/amp\/\">the future is eternal peonage of their students<\/a>:<\/p>\n<blockquote><p><span style=\"color: blue;\">As more students balk at the debt loads they face after graduation, some colleges are offering an alternative: We\u2019ll pay your tuition if you offer us a percentage of your future salary.<\/span><br \/><span style=\"color: blue;\"><br \/><\/span><span style=\"color: blue;\">Norwich University announced Tuesday that it will become the latest school to offer this type of contract, known as an income share agreement. Norwich\u2019s program is starting out on a small scale, mainly for students who do not have access to other types of loans or those who are taking longer than the traditional eight semesters to finish their degree.<\/span><br \/><span style=\"color: blue;\"><br \/><\/span><span style=\"color: blue;\">\u201cNorwich University is committed to offering this new way to help pay for college in a way that aligns incentives and helps reduce financial barriers to degree completion,\u201d said Lauren Wobby, the school\u2019s chief financial officer and treasurer.<\/span><\/p><\/blockquote>\n<p>The word here is, &#8220;Dystopian.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Colleges are looking at the future, and the future is eternal peonage of their students: As more students balk at the debt loads they face after graduation, some colleges are offering an alternative: We\u2019ll pay your tuition if you offer us a percentage of your future salary.Norwich University announced Tuesday that it will become the &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[397,364,456],"class_list":["post-178907","post","type-post","status-publish","format-standard","hentry","tag-education","tag-evil","tag-finance"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/178907"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=178907"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/178907\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=178907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=178907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=178907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}