-How do you track students once program completes?
We are working with http://vemo.com/, they are specialized in Income Share Agreements (ISA) and the goto in the industry if you want to do ISA. Purdue University is also using them. Vemo request access to students tax return so that we can see their income.
- How does the legal binding works?
Students are supposed to let us know about their employment situation so that we can adjust the payment. The deal is that they pay 17% of their income if they make $50k/year or more. At the end of the year tax time, we do a reconciliation where we compare the amount received against the student income, where the student or the school might owe money to the other part.
What is great about this model is that: -Student only contributes back to the school if they are employed. -Student contribution is proportional to their "financial success". -Holberton can only thrive if its graduates thrive, no bs.
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