People saying Lambda School’s model is the same as loans in Britain. Britain: Payments once making over £25k, 3-7% interest, forgiven after 30 years, taxpayers pay school if default. Lambda: Payments once making £ 38k, no interest, forgiven at 5 yrs, school makes $0 if default
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I m nor defending the practice just putting the reasoning out there.
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Mis aligning of incentives IMO is honestly one of the big problems of applying capitalism to public goods. You’re solving that well. U Phoenix not so much
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The idea that university is a public good needs to be taken out back and shot. Whole generations of UK & US youth waste 4 years learning how to argue theoretical arguments rather than be better, productive members of society.
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The taxpayer does. Hey look I'm in no way bad mouthing what you guys do. I can just see parallels in the model. UK universities however don't produce job ready people.
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