In an earlier post, I mentioned an idea from scienmce fiction, about investing in future income streams of poor students and thus heloing them learn what they want. But, there was a downside to it, namely big businesses treating poor students like slaves. It turns out, the idea isn't too 'sci-fi' after all. There is something called Income Contingent Loans, workable version of which is already working in Australia.

What are Income Contingent Loans?
In short, you (the student) offer a share of your life’s income in exchange for cash upfront.

The idea of replacing student loans with student sharesis not new.
In fact, Milton Friedman advocated income contingent loans in 1955.

How does Australia do it?
The income contingent loan program was introduced in 1989. Australian students don't pay anything for university when they attend but once their income reaches a certain threshold they are charged through the income tax system. Many other countries are experimenting with income contingent loans.

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The Thrust Fund Three students offering their life's income share for money

Read about the idea here

Buying Income Streams: A great idea for Funding education?

Have you read The Success Manual - Encyclopedia of Business and Self-Help Advice?