We’ll put more data and stories on the site. Most DON’T have experience and DON’T have degrees, most STILL making $80k+. Only $50k jobs we have now are in very rural areas.
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It's instructive that you're willing to potentially screw over folks in big cities to make sure you don't /maybe/ lose a few bucks on people in rural areas. Especially when you're wringing so much financing profit out of these deals.
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Pete, Elisabete, this is where the problem actually clicks for me. Thank you both for doing the work to change my mind. If the business relies on any number of humans getting into unlivable repayment situations, it's garbage. Hoping Lambda acts on the feedback they got this week.
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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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Replying to @AustenAllred @marktnoonan and
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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Replying to @AustenAllred @marktnoonan and
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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Replying to @AustenAllred @marktnoonan and
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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Replying to @AustenAllred @marktnoonan and
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
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Replying to @AustenAllred @toomuchpete and
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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