Debt-Free College: The New Democratic Mantra
SAN FRANCISCO — The aspiring app developers and entrepreneurs attending the new Make School in San Francisco don’t take out loans to cover tuition.
There is no tuition — at least up front.Students pay 25 percent of their salaries back to the school in their first two years in the workforce, as well as internship earnings. If they don’t find a job in the tech field — or if their startup fizzles — the school gets nothing.The two-year Make School, a highly selective startup preparing students to enter the lucrative tech sector, is hardly a typical American college. But its model, billed as “debt-free education,” reflects the collective national angst over student loans and college affordability.