Getting MyRichUncle To Pay For School
from the with-a-catch... dept
Well, this is definitely a different idea. A few years back this might have been a huge idea in terms of hype, but now I’m not so sure. The folks behind MyRichUncle.com want to allow students to get some financial backing for their college costs. In return, the students have to promise the MyRichUncle investors some percentage of their income for the fifteen years after they graduate college. Of course, this isn’t all that different in reality than student loans. It’s just that student loan payouts aren’t dependent specifically on how much you’re earning.
Comments on “Getting MyRichUncle To Pay For School”
No Subject Given
If I’m an investor, I would be worried that the student will “hide” portion of his income in order to reduce the payments.
Re: No Subject Given
how? by hiding it from the IRS as well? sounds like an unreasonable proposition.