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A comment on Lambda School Announces $14M Series A Led by GV. Parent comment

Re:Lambda School Announces $14M Series A Led by GV by codingdave on Tuesday October 09, 2018 @12:55PM (#18177615)
Their debt mechanism is a lower risk model for investors -- After you sign on, before you finish the program, you sign future income away. And investors are buying into that pool of future revenue.

There are arguments for and against this mechanism. I'm against it, clearly they are for it -- everyone should make up their own mind. Wikipedia has a high-level write up: https://en.wikipedia.org/wiki/Income_Share_Agreement

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Re:Lambda School Announces $14M Series A Led by GV by kjksf on Tuesday October 09, 2018 @02:28PM (#18178538)
If you're against Lambda School model then what are you for?

The only viable alternative is to take a loan and go to college.

The average us student debt is ~$40k (https://studentloanhero.com/student-loan-debt-statistics/).

So what model do you think is better?

a) College "give us $40k now, good luck with your job search"

b) Lambda School "we'll teach you for free; we'll help you find a job; if, and only if, you get a high-paying job, you'll re-pay us $30k for the education that we already gave you"

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Re:Lambda School Announces $14M Series A Led by GV by CynicalDio on Tuesday October 09, 2018 @02:33PM (#18178585)
Option 3: Find a different bootcamp with a flat fee (usually 10-15k)

Option 4: Self teach using one of many of the free curriculums online

(Not arguing for or against any of these, just pointing out that there are additional options)

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Re:Lambda School Announces $14M Series A Led by GV by austenallred on Tuesday October 09, 2018 @09:24PM (#18181242)
Lambda School has a flat fee as well ($20k for 7.5 months of FT training)
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