Re:Interest surges in top colleges, while struggling ones sc...
by fossuser on Tuesday February 23, 2021 @02:25PM
(#26241650)
Lambda School style ISAs cap the return at 30k.
The top schools don't need ISAs because they're selling prestige they can charge a lot more for. Since they're so highly selective they can admit only students who will succeed anyway.
Maybe over time that prestige will change, but I don't see that as near-term. I think it'd be better if they did ISAs, I just don't think they'll want to (or their ISAs will be worse for students than Lambda School's).
Right now top schools can charge up front and it doesn't really matter what they provide.
Actually, the top schools would benefit from these the most. With close to 100% employment rates and better median salaries than anyone else.
> Imagine the opportunity of actually being good at education and doing ISAs. It would mean your institution could do what Universities largely just pretend to do. You could make money from ISAs and aligned incentives/student success. You could also make money from companies as a recruiting agency if your students were actually guaranteed to be good. Your curriculum would be closely tied to what's needed and what's relevant.
I wonder how much income stream is coming from underperforming programs at modern Universities. For some of them it must be substantial. And I'm also wondering if some of them also redirect the income toward more useful programs or research.