Why don’t they just adopt Lambda School’s business model? Because it’s really freaking hard to do, requires financing, cannibalizes most upfront revenue, and you have to own the full stack: financing, the school, and outcomes.
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Most educators don’t want to deal with/think about financing, cashflow, and risk management. Finance people certainly don’t want to start a school. And to do it really well you have to be willing to handle the full stack - admissions, the school, placement, and finance
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The current model is basically “start a school and do whatever you need to qualify for and suck out federal funding.” That’s the first question anyone who deals with higher education thinks about - how do we get federal funds? And you have to play insane games to qualify.
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Most people end up learning fundamentals after to fill in the gaps Bc they don’t really know how to program
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