- Americans owe $US1.5 trillion in student loan debt, and the problem isnt going away as tuition rates climb and the demand for college degrees remains high.
- James Altucher, a tech investor and self-help guru, says young people should consider letting wealthy individuals or organisations invest in their future for a percentage of their future earnings. This would avoid them having to take on a massive pile of debt they may never be able to pay off.
- The idea has ignited criticism over the years from people who say human capital contracts are a modern form of indentured servitude, or slavery.
- We asked Altucher why he thinks this idea could fix the student debt problem.
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Read the full article at: https://www.businessinsider.com/james-altucher-advice-for-young-people-skip-college-2018-7