On: The US startup is disappearing

[SiVal]

To obtain some market-based grounding in reality, I'd rather the universities be required to collect their fee as a fixed percentage of the students' incomes for a fixed number of years after graduation. Poor students wouldn't be handicapped by not having the money to pay for college, because the college wouldn't be paid until the student got paid.

The "epic amount of fat to be trimmed" from the universities won't happen until the universities get off the guaranteed gov't money gravy train and have to adapt to a system where their success depends on their clients' success.

[sylvainkalache → SiVal]

There are a number of institutions doing this including a formal college: Purdue University.

Other alternative like Make School and Holberton School are successfully using the model since about 3 years.

[bhuga → SiVal]

This is the model that Lambda School is using. It's early yet, but they're having some success.