A venture-backed company today announced a new educational offering billed as an alternative to the standard undergraduate experience. It will last only one calendar year, feature a curriculum designed in close coordination with well-known employers, and cost nothing—at least at the outset. Students who attend, however, must promise to give up 15 percent of their incomes for three years once they land a job that pays $50,000 or more.
The unusual new program is called MissionU, founded by Adam Braun, a 33-year-old entrepreneur best known for his work building schools in developing countries….
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