In the end I ended up with +40k in scholarships as a mediocre high school student, plus a bunch of state grants.
I graduated with <30k of debt, which I paid off aggressively with my programmer job.
I like college. There is a right way to do it as an average student:
- Two years of cheap community college to get the chaff out of the way - Two years in a better school for the higher level classes.
You can't think of it is a party or 'summer camp' which is an image which is sold to a lot of young people. You are there to learn a skill, improve yourself, and graduate into a career.
Income share agreements are just disingenuous loans, eventually most people are going to get to $50,000 a year even if it has nothing to do with their education. At least a loan is upfront about what you're going to pay, I sure wouldn't give my bank account information to some sketchy company.
* their students' alimony payments
* their students' other court awards
* their students' pensions
* their students' disability payments
* their students' spouse's income
* their student's spouse's alimony, other court awards, pensions, disability payments, etc.
Agreeing to payment is not the same as agreeing to financial surveillance.
If Lambda School believes one of their students is not living up to their income sharing agreement, then they should simply ask the student. If they have a reason to disbelieve a specific student, then they can go to court.
"Let me see all info on regular deposits into your bank account because I'm too lazy and unprofitable to do this in a way that's not creepy and abusive" is NOT reasonable.
There's no way in hell I'm ever giving that sort of banking access to an employer, let alone an educational institution. For starters, I share a bank account with my wife and her earnings are none of their god damn business.
How disgusting. He should probably tell them no. Even if they wrote some non sense allowing this in the income share agreement, let them go to court.
I've never met a successful boot camp grad who didn't already have a four-year degree.
This is a very complicated problem, because you really do have tons of desperate people who are willing to sign their lives away for a shot at getting ahead.
$50,000 is an extremely low threshold, so if someone adds a few extra shifts working at Best Buy lambda school can then leech their meager income?
I'd argue the social experience of traditional college is easily a part of its cost. If you're coming from a bad background you'll surround yourself better people than you met back home.
It's also much easier to get a generic office job with a bachelor's in art history than it is with a ux certificate.