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Analysis of Lambda School’s ISA Shows an Estimated Interest Rate of 87%
- chriselles 7y agoIs it just me, or does this read like a hit piece on Lambda? Disclosure: I’ve got two kids who are keen to consider Lambda post high school. I don’t see ANY comparative balance. If a student goes to university, and fails, using government backed student loans they owe non defaultable debt & accumulating interest. If a student goes to university, and graduates, using government backed student loans they owe non defaultable debt & accumulating interest. If a student goes to Lambda and fails, they owe nothing. If a student goes to Lambda, passes, and can’t acquire a job paying above X, they owe nothing. If a student goes to Lambda, passes, and acquires a job paying above Y, they owe Z. I’m sure Lambda and other education providers using ISAS will face justified criticism, but the ”financialisation” of Higher education has become Stage 3-5 cancer. At the end of the day, we pay for education to purchase a future salary. Which education providers offer a money back guarantee? And far more importantly, which ones don’t?