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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The point of Lambda School isn’t just that you only pay after you’re making
$x/yr. It’s that Lambda *doesn’t* get paid if you don’t get a great job. Passing the bill explicitly to taxpayers is perhaps better than the system in the US, but incentives aren’t aligned at all.5 replies 8 retweets 152 likesShow this thread -
Suppose there are two schools. One only gets paid if you get and keep a great job, the other gets paid no matter what. Which do you suppose will be more interested in your career success?
15 replies 23 retweets 276 likesShow this thread -
Replying to @AustenAllred
And you're also willing to train nurses? teachers? Gender studies scholars? Or only workers for an highly paid industry and 0% unemployment?
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Replying to @obadzz
We’ll train anyone there’s a job market for on the other side. Nurses and teachers are a no brainer. Gender studies not so much.
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Replying to @AustenAllred
Cool! So your profile which describes lambda school as "a CS education" is no longer up to date?
1 reply 0 retweets 0 likes
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