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I don't really get the claim about misrepresenting their financial incentives.. Is there a lender in the middle that pays the school a lesser amount and assumes

• akanet 5y ago
  in my first story[1] on lambda school, my point about misrepresented financial incentives was about, fundamentally, lambda selling off its ISAs to a hedge fund. in this case, the school managed to recoup income on a students irrespective of whether they found the job. [1]: https://nymag.com/intelligencer/2020/02/lambda-schools-job-placement-rate-is-lower-than-claimed.html https://nymag.com/intelligencer/2020/02/lambda-schools-job-p...
• ceeplusplus 5y ago
  Generally these ISAs get securitized, so the risk shifts off the school's books and the school just gets paid the cut for originating the security. That being said bootcamps (or really school in general) are not a magic bullet that automatically gets you a job. Even a bachelor's in CS might not get you the skills needed to become a web developer. The core point of a real degree is it teaches you how to learn and instills basic principles that apply generally to any field. But you still need to put in the effort to learn domain specific things.
• deleted 5y ago
  [deleted]