The account allows the learner to proceed at their optimal pace, relieving them of the stigma of lock-step, age requirements. Individuals are free to decide whether to follow a purely academic path, or work-learning. At any time, they are free to move between work-learning and academic learning, taking their account with them. Funds from public sources gradually decline and are replaced by funds from employers as the learner makes a transition to their life work. Comparable degrees are awarded for comparable achievement, whether accomplished through the traditional academic path or through work-learning.
Prices move freely by supply and demand, although they can be set by public policy where essential.
Funds are vested in the learner. If demonstrable learning can be achieved which equals or exceeds an agreed standard without full expenditure of the funds, they are released to the learner on a prescribed schedule as a capital account. Thus, there is extraordinary incentive to obtain the finest learning services at the lowest cost and to make the maximum individual effort to learn. The entire system is a harmonious blending of competition and cooperation without dominance by either public or private sources. The system provides multiple measurements of achievement, some objective, some subjective, and others based on demonstration of ability in projects integral to and relevant to community or work place.