Some Links Worth Reading

  1. C. Kirabo Jackson finds that college-prep programs — with payments — really do work for inner-city students.
  2. The Stanford Technology Law Review digs deep into Intellectual Ventures’ role as “mass aggregator” of patents; Business Insider‘s writeup: “It’s an ugly business. But it’s also perfectly legal.”
  3. A 3D printer that makes bowls and ceramics out of sand.
  4. British medical students turn to prostitution.

Andreas Moser

at 4: This whining about student debt is absolutely disingenuous. Students in the UK don't have to pay anything unless they reach a certain level of income: http://andreasmoser.wordpress.com/2010/12/19/what-do-the-students-want/ And even then, the repayments are modest.

Nick Ryder

To clarify what Andreas said, students in the UK don't have to pay any tuition fees while they are studying. The fees are paid by a government loan. Students can also get a loan to cover a decent amount of their living costs. After the students have graduated and are earning above an income threshold then they start paying back these loans as a percentage of their income.

Yes, students end up with a large debt (especially compared to the debt I ended up with a few years ago), but while they are studying they don't need to earn much to support themselves. Medical students, who can expect to earn a good wage, don't really need to worry about their education costs.

Current medical students will be paying £3k/yr in tuition, and maybe also taking out another £3k/yr loan for living expenses. If they go into general practice then they can expect to start on a salary of around £50k. If they really wanted to then they could pay off all their debt in a few years.

Next year the fees increase to £9k/yr and the repayment is more complicated. Again you pay some percentage of your income over a given threshold, but there's a time limit after which your remaining debt is wiped out. I doubt any doctors who stay employed will have their debt wiped out, but I think their yearly repayments will be decreased because the threshold is increasing.

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Michael

For more information on prostitution and British students, you could find far worse sources than Dr Brooke Magnati, who famously did just that to fund her doctorate in Forensic Pathology. She notes the absence of decently paid work with flexible hours in other industries.