Summary:
The book explores the concept of financing education through human capital contracts, where investors provide funds for students' education in exchange for a percentage of their future earnings. It discusses the implications of this approach for risk-sharing, the allocation of educational costs, and the potential to increase access to higher education.
Key points:
1. Human Capital Contracts (HCCs): Investors fund students' education for a share of their future income, transferring risk from students to investors.
