Deferred tuition coding bootcamp model should be a textbook example of moral hazard/adverse selection.
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Replying to @akarp
disagree, given the burden of tuition which kicks in whenever you hit 6 figures or whatever the ISA number is, you have an incentive to take a FAANG job and get it out of the way before inflation ratchets it up
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Replying to @jaengelman
I highly doubt that any of the coding boot camps can make a difference in whether someone gets hired by FAANG.
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Replying to @akarp
I agree that's true of most bootcamps, but the ones that give people enough technical skills to think they have a better shot at a startup than a big company might. Interested in
@AustenAllred 's thoughts on this, given you're addressing his business model.2 replies 0 retweets 0 likes -
Replying to @jaengelman @akarp
First there’s a misunderstanding of how the deferred tuition works (at least at Lambda School). Students agree to pay a percentage of adjusted gross income according to tax returns, so we’re fine if they start a company. Agreement lasts up to 5 yrs, you make payments for up to 2
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Deferred tuition is a bet that a. Talent is evenly distributed but opportunity is not, and that there are people capable of learning b. Students gain enough value va self teaching to justify the future cost c. A school can find and place bets where a and b are true
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