2 ms·
I still think ISAs as a concept make a lot of sense. It seems like most of the problem is that the classes are often worthless, not the particular way in which
by _bxg1 7y ago
I still think ISAs as a concept make a lot of sense. It seems like most of the problem is that the classes are often worthless, not the particular way in which you pay for them. There was the whole thing with the collections agencies but that can happen with any type of loan.
- wpietri 7y agoI was hoping that the ISAs would fix the worthless-classes problem. My theory was that if the institution's compensation was more directly tied to how much they helped the student, they'd be better at helping students. Unfortunately, there's still a fundamental broken feedback loop here: the people purchasing an education are definitionally unqualified to evaluate it. I don't see a way to fix that without significant regulation, which unfortunately acts as a brake on evolution of both program content and educational methods.
- _bxg1 7y agoYeah, that's part of why Lambda's ISAs came into the spotlight recently: they were turning around and selling them immediately, which broke that incentive alignment that students may have been counting on.
- lmeyerov 7y agoStuff like VC funding breaks the alignment between leadership and students: former is rewarded by pump and dump and maybe eventually good, not cohorts 10-50 doing well.
- austenallred 7y agoMake sure you read what is actually happening with the ISAs, because incentive alignment isn’t broken: https://lambdaschool.com/the-commons/announcing-our-new-isa-financing-blueprint-and-100m-in-new-financing https://lambdaschool.com/the-commons/announcing-our-new-isa-...