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> After I was a few Units in (3) and thus financially obligated to pay the ISA, they removed core components of the program. > Where a mentor was paid to mento
by crumbshot 6y ago
> After I was a few Units in (3) and thus financially obligated to pay the ISA, they removed core components of the program.
> Where a mentor was paid to mentor you, you are now forced to mentor other students and vice versa.
So Lambda School is essentially an bait-and-switch pyramid scheme purporting to be an educational institution?
For-profit schools are scams in general, but this one sounds particularly scammy and unpleasant.
I'm not surprised to see it's being backed by YC. Yet another example of venture capitalists using their vast wealth to greedily build even more wealth, no matter who is abused in the process.
- alexpetralia 6y agoYeah I noticed this pyramid scheme as well. I am sure some enterprising product manager suggested "let's have the students teach as part of their education, and we can tell them that teaching enhances learning!"
- MivLives 6y agoI and a lot of other students used the payment from mentoring to eat, and pay rent during the job search after graduation. The one thing that Lambda claimed it did, was never count anyone doing that as having been placed in a job. Forced mentorship sounds horrid, even when were paid a lot of people were not good at it. Making it required sounds like it could make that problem worse.
- trefoiled 6y agoAnd it's even worse than that, because they offer the ISAs to investors to purchase. Meaning they're bait and switching both the student and investors.