It's official. I'm putting together a non-profit fund that will fund student living expenses. Students will be expected to pay back into the fund when they're on their feet, and those funds will then be re-loaned to other students for 0 or very low interest. Details soon.
-
-
We have written a ton on what to do, you can find loads of resources online from my team, and we host an annual convening on this topic too. But far better: Emergency aid. Grants, period. Save the loans for students not at risk.
-
Important context here: Lambda School runs fully on an ISA, so no students pay us anything until they’re making more than $50k/yr Our students are not eligible for traditional loans We kind of have our own FAST fund already, but it’s all been out of my pocket
-
In other words the reason I’m concerned about a grant is that we’re already so heavily leveraged that we don’t have enough cash to give out as grants. I think a handshake agreement to pay back into the fund when you can is 100% reasonable, as our grads all make $80k+
-
Given how uncommon your students are (accepting ISAs!) I’m sure that’s fine. If you aren’t concerned about impacts on the rest of Higher Ed.
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.