3/ They also lower the upfront cost barriers, a big win for accessibility.
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4/ My concern is around transparency: a percentage payback equates to what cost? Well, it depends. And many people have a harder time thinking in bets
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5/ As a result, they may be less effective at competitive cost pressures, and bending the education cost curve is vital
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6/ Still, there are enough advantages to ISA that I’m excited to see where this model goes, with
@Lambdaschool and@MissionU leading the way1 reply 0 retweets 1 likeShow this thread -
7/ Both programs also have two other important innovations. They cut the time to achieve employable skills. Great for cost.
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8/ Lastly they focus heavily on building relationships with employers. Another way where students and school are aligned.
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9/ These innovations may in the end be a bigger deal than Income Share Agreements.
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10/ What am I missing?
@MissionU@ryancraiguv@Lambdaschool@educationpalmer@AustenAllred@MJ_Coren@AdamBraun1 reply 0 retweets 0 likesShow this thread -
Replying to @Martin_H_Dunphy @MissionU and
Can't speak for whole thread, but we cap all of our income share agreements at $30k, so your total cost is up to $30k. The income share agreement isn't the most important aspect of what we do, you're right, but it enables what we do. Everything else derives from incentives.
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Replying to @AustenAllred @MissionU and
Ok, the 30 k cap is actually an important detail I had not considered. It means the student couldn’t end up being ‘too successful’ for the ISA to make sense. Thanks for clarifying!
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No problem. Not all schools have a cap, which I think is troublesome, and some students will get confused thinking a cap is what they'll owe (e.g. that they'll pay a percentage until they've paid up to the cap no matter what), so we have to be very clear about messaging.
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