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Ok got it - but what's the issue? This is similar to invoice financing, which is a pretty common practice. The only way I see this impacting student outcome is
by tempsy 7y ago
Ok got it - but what's the issue? This is similar to invoice financing, which is a pretty common practice.
The only way I see this impacting student outcome is if the school loses motivation to help students post-graduation, but the discount for selling these ISAs must be very high.
- austenallred 7y agoBingo. ISAs are financed one way or another, whether it’s with VC or with an ISA-backed financing mechanism. Lambda School is still on the hook and loses money until the students are placed and have paid back. It’s about incentive alignment.