Let Them Eat Teslas

theodp writes "If you're a bright kid who wants to prepare for the 21st century workforce (PDF) by studying engineering at Purdue, the government will help your parents pay the $100,000 or so tuition tab with a 7.9% interest loan (plus 4% fees) that's likely to be non-dischargeable in bankruptcy and paid back with after-tax money. If, on the other hand, you want to buy a tricked-out $100,000 Model S, Tesla has teamed up with the government, Wells Fargo, and U.S. Bank on what it calls a 'Revolutionary New Finance Product' that enables those who play the game right to avoid paying sales tax, get the government to pick up the first $15,000 (no down payment needed!), and also receive a 2.95% bankruptcy-dischargeable loan for the balance, the payments for which could be tax-deductible. Yep, 'Revolutionary' may be about right!"

Comments

also need to cut fluff and filler from Education.

[Joe_Dragon]

also need to cut fluff and filler from Education.

The non-dischargeable in bankruptcy leads to lot's of joke majors and lot's of iffy schools that spend more ad's then Education.

Also more non college options need to be hear as well as more apprenticeship / trades / tech schools that don't take 4+ years of pure class room.