by trobertson815 » Sat Feb 15, 2025 10:29 pm
I'm optimistic that SMART scholars still in service obligations may be okay. According to stuff I'm seeing anecdotally, we wouldn't be held for collections if the termination was out of our control.
If you think about it from the perspective of the feds, it's a bad investment policy to let us go. They've already sunk tens of thousands of dollars of investment into tuition, stipend, etc. Our service agreement, paid at a rate slightly lower than market value for labor in our fields, is really the only way they justify that expenditure. Their goal is to get long-term, well-educated, highly vetted employees.
It would be one thing if we'd been trading labor for wages from the beginning. Then, they could just terminate the agreement without a loss. But as of now, an early termination (at least for phase 1 or early phase 2 scholars) would mean giving away tons of money with very little given in return.
I'm optimistic that SMART scholars still in service obligations may be okay. According to stuff I'm seeing anecdotally, we wouldn't be held for collections if the termination was out of our control.
If you think about it from the perspective of the feds, it's a bad investment policy to let us go. They've already sunk tens of thousands of dollars of investment into tuition, stipend, etc. Our service agreement, paid at a rate slightly lower than market value for labor in our fields, is really the only way they justify that expenditure. Their goal is to get long-term, well-educated, highly vetted employees.
It would be one thing if we'd been trading labor for wages from the beginning. Then, they could just terminate the agreement without a loss. But as of now, an early termination (at least for phase 1 or early phase 2 scholars) would mean giving away tons of money with very little given in return.