because they explicitly make the claim that you can trust them because they don't make money until you make money - e.g. it's not in their interests to just take on as many people as possible, and that the education will be good enough to make money.

But they do make money more or less immediately upon getting the ISA, so that claim - and the motivation to provide the quality of service they've claimed they'll offer isn't actually there.

Yea that’s a good point, I realised that after I posted! But the alignment of incentives is not gone, it’s just less direct. In the long run, they will not be able to sell off the ISAs if their students don’t make good, because then the ISAs will not be worth much. Although looks like they’re already pretty cheap, 10k?

Lambda school still seems shady, looks like he lied about this and other important stats and facts.