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That's a really good summary of the difference. Lambda's model is the first one I haven't felt trepidation about.
My point was more that getting accreditation is what prompted the drop (which I don't recall the exact details of, unfortunately). I'll be interested to see what happens w/ Lambda there
Yeah, makes sense. I'd be very surprised if they went for it, unless this funding model ends up falling through and they get desperate.
We’ve looked extensively at accreditation, and for certain programs it makes little sense. The only reason schools do it is to gain access to Title IV funding from the government. It imposes restrictions on how quickly we can iterate on curriculum.
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Silicon Valley invents [institution that is floundering or worse, creating a market opportunity because people want a fix badly enough to pay out of pocket for it]" is a lazy attack in the best case and a dishonest attack in most cases.
