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This means that Lambda would have to deal with the bad optics of "suing their students" There are other things that can happen. It looks like Lamba has been se
by dfxm12 6y ago
This means that Lambda would have to deal with the bad optics of "suing their students"
There are other things that can happen. It looks like Lamba has been selling ISAs [0], [1]. These lawsuits would possibly not be coming from Lambda.
0 - https://www.theverge.com/2020/2/12/21135134/lambda-school-students-edly-isa-debt-swapping-partnership-shares-investors https://www.theverge.com/2020/2/12/21135134/lambda-school-st...
1 - https://www.wired.com/story/how-we-learn-lambda-income-sharing-agreements/ https://www.wired.com/story/how-we-learn-lambda-income-shari...
- gnicholas 6y agoThat's a good point. I would think that even if the owner of the loans is a third party, the income documentation would probably still flow through Lambda. So if a student refused to provide income information to Lambda based on the claim that the program fundamentally changed mid-stream, then presumably Lambda would have to be the one to sue them (not the owner of the loan).