What are the strengths and laws of a program like bill, Business Economics

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What are the strengths and laws of a program like bill

What are the strengths and laws of a program like Bill Clinton’s (proposed) “Hope Scholarships,” in which students take out a loan and pay it back based on future income? (I.e. you take a loan out for $40,000 and promise to pay 10% of your salary for the next 15 years). What if the program is offered in parallel with a normal loan program What will happen?

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