You're trying to change the topic to something you can wiggle through, and I refuse to engage. You were caught on tape lying about this, and I have no reason to believe you've stopped lying. https://soundcloud.com/vwoo/interview-with-austen-allred
If I take out a car loan for $20,000 I have not been paid $20,000.
I have never lied about this. Not once. My words are taken out of context to try to make it seem like I lied, but I did not.
He spouts the same bullshit over and over. Lambda isnt free for the students, they pay, and here's Mr Disingenuous to claim he needs to get money to train students 'from somewhere'
And not to mention he uses students to teach students! He can't even keep 'teachers' on board!
Edit- males->makes.
You lie about placements, you lie about your number of instructors, I will take the word of every one of your students over the PR speak you spout repeatedly.
We are not profitable, so if it’s a scam it’s not a very good one.
Nothing about Lambda School is predatory and I have never lied.
I think the PR vs actual results of Lambda is a big problem when a lot of complains on higher education are about the gap between the dream vision of what a degree does for you, vs reality. But fine. The complains about ISA are mostly unfair
> I have never lied
That's probably one of the things you should never say ever. People will find moments you were either not telling what turned out to be the truth, or were not accurate, and will paint you as totally dishonest.
Those choices made by Lambda only hurt students' learning and therefore chances to get a job. And when students complained, the school addressed the complaints but barely made a change.
Source: Childhood education degree + years of researching the topic.
Pair programming may have originated in the 70's (depending on source), but there are hundreds of years of research on learning, please don't make the mistake of taking something as gospel.
(and in case you would like to point to apprenticeships in the past, they look nothing like pair programming, as it was mostly a subordinate relationship between master and student)
There has been a constant allegation that Lambda School sells its ISAs and therefore no longer has incentives that are aligned with students. The assertion is that, in “Big Short” style, we sell off all the risk of our students being placed to someone else and don’t have to care about outcomes.
Nothing could be further from the truth.
When Lambda School finances ISAs here’s how it works:
We get together with investors and say, “Based on past performance, we predict this ISA will be worth $x.” We can then receive an advance of $x, minus interest and a possible margin of error.
Importantly:
1. That amount needs to be paid back, plus interest. 2. If the value of the ISAs ends up being less than predicted, either we have to reimburse investors for the loss, or we won’t be able to continue borrowing in the future.
This is not a unique or predatory structure in any way.
If a student drops out, doesn’t get hired, or doesn’t pay back, Lambda School makes less money. If a student does great, gets hired, and pays back quickly, Lambda School makes more money.
This is not a scandal, and holds true to incentive alignment in any way. Lambda School remains entirely aligned with its students.