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Lumifer comments on Buying Debt as Effective Altruism? - Less Wrong Discussion

10 Post author: aarongertler 13 November 2013 06:09AM

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Comment author: Lumifer 14 November 2013 04:53:15AM 0 points [-]

Word on the street is that this is impossible because slavery is not legal.

It is legal, but to use econolegalese, after paying for the student's education what you have is an uncollateralized claim on part of future earnings which e.g. could be discharged through bankruptcy and which you might have trouble enforcing if the former student tells you to go jump into the lake.