He says you don't pay the 17% per year unless you get to that $50k income level, in a tech job, within 5 years after the bootcamp. So if the training doesn't "work" you have lost the time you put into it, but you have no debt from it. Everybody is pissed so what am I not seeing??
Again, no Lambda School students get into unlivable payment situations
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I'm open to having my mind changed again when you guys do post more details on your cohort and the results. Given the terms as published it does seem that Lambda is indifferent to bad outcomes, and does not explicitly prevent them. But I do believe you *can* lead the way on this.
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If we put students in situations where they can’t pay they won’t pay us, it’s that simple. We also have options to defer payment should they be necessary, but we’ve never had to use them. Will update the outcomes page today. Most students have no degree/experience, $82k med sal
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I’d encourage you both to talk to our students or look at our reviews. We are literally seeing students lifted out of poverty, and have a nonprofit fund where we pay for living expenses. So forgive me for being defensivehttps://www.theatlantic.com/education/archive/2018/06/an-alternative-to-student-loan-debt/563093/ …
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Almost every day we get a job offer for someone who has never made more than $10-20k, and we’re spending millions of dollars training people for no upfront cost, knowing we’ll only get paid back if they’re hired. Show me any other educational institution that does that.
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We also have a $10,000 scholarship for minorities, and train them literally at our cost, but I don’t see that mentioned in any of the threads about how we’re screwing over minorities somehow
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And then I see endless praise of Flatiron, which charges 10% once people are making $35k *in New York City*, so feels just s tiny bit disingenuous
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Talk to
@KelvinBeachumJr who took the time to actually talk to dozens minority students, or read our reviews, or do anything other than look to find fault that actually isn’t there, and you’ll see why so many people are excited about what we’re doing -
I'm looking forward to seeing the updated website, and hopefully you can express the compassion in your policies without opening those policies up to abuse.
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