I remember running the notional internal rate of return/IRR on an ISA for a bootcamp that did them and was appalled. Payday loans under a different name, wrappe

I remember running the notional internal rate of return/IRR on an ISA for a bootcamp that did them and was appalled. Payday loans under a different name, wrapped up in good intentions and signaling. What was more appalling was the stone faced defense that came from the developer community, Lambda themselves, and enablers who partnered with Lambda who could have run that same math but chose not to. Spending a moment in bootcamp student communities would expose the outcomes of these, and similar practices (changing curriculums midstream, student -> teacher hiring, CIRR's iffy-at-best oversight). Nobody chose to listen. Seeing Lambda go under, and the general decline of ISAs, is a tremendous net positive. For every 1 success story, there seem to be 99 failures trapped by an ISA or liquidated savings. Fwiw, that school is still around under "The Bloom Institute of Technology." Sounds familiar as it inches towards for-profit school models.