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Please contact the CFPB, it is worth your trouble. Everyone's blood should be boiling reading TFA, such as: > Allred tweeted that the school achieved a 100 per

Please contact the CFPB, it is worth your trouble. Everyone's blood should be boiling reading TFA, such as: > Allred tweeted that the school achieved a 100 percent job-placement rate in one of its cohorts, and later acknowledged in a private message that the sample size was just one student.

MattGaiser 3y ago
That should just be criminal fraud.
- teeray 3y ago
  Yep, jail time should be on the menu
  - infamouscow 3y ago
    [flagged]
ec109685 3y ago
But he said SMALL SAMPLE in all caps /s https://x.com/austen/status/1780798598046990358?s=46 https://x.com/austen/status/1780798598046990358?s=46
- aaronbrethorst 3y ago
  my dude Austen here cannot help but keep poasting through everything. Social media king.
  - spamizbad 3y ago
    Very online founders seems like a massive negative signal to me.
LMYahooTFY 3y ago
This a sad amount of dog piling for HN. I know dozens of students who attended and turned their lives around because of the program. I see Lambda Alumni on every page of LinkedIn job boards. I'm sure some people had a bad time, but all of the ISA issues GP stated are clearly stated in the contract, and these calls for "jail time" are absurd. People clearly know almost nothing about the program, or its success rate. Don't forget that Student Loans still make this look like charity by comparison in virtually every way.
- adeon 3y ago
  If 90% of students have a good experience but the 10% of students have a similar experiences to the poster there, then I still think Lambda is another ethical disaster of a start-up. "It's better than a typical USA student loan" is a very low bar.
  - nolongerthere 3y ago
    > "It's better than a typical USA student loan" is a very low bar. But that the literal alternative, so feels pretty fair to compare.
    - sn9 3y ago
      Not with learning programming. You can simply self-teach. A bootcamp isn't a CS degree.
      - dukeyukey 3y ago
        Between smarts, motivation, and time most people cannot "simply self-teach". There's a reason education is such a massive industry, and entire professions exist around it.
        sn9 3y ago
        I'm refuting the notion that your only choices are college degrees or bootcamps.
schleck8 3y ago
100 % job placement rate 1 % of the time
laserlight 3y ago
Here is an HN thread I had with him [0]. He claimed that 90% of those who were job seeking got placed. The key point was the definition of “job seeking”, of course. I'm happy to hear that authorities took action. [0] https://news.ycombinator.com/item?id=33827202 https://news.ycombinator.com/item?id=33827202
- mathattack 3y ago
  What a huckster!

MattGaiser 3y ago

That should just be criminal fraud.

teeray 3y ago
Yep, jail time should be on the menu
- infamouscow 3y ago
  [flagged]

ec109685 3y ago

But he said SMALL SAMPLE in all caps /s https://x.com/austen/status/1780798598046990358?s=46 https://x.com/austen/status/1780798598046990358?s=46

aaronbrethorst 3y ago
my dude Austen here cannot help but keep poasting through everything. Social media king.
- spamizbad 3y ago
  Very online founders seems like a massive negative signal to me.

LMYahooTFY 3y ago

This a sad amount of dog piling for HN. I know dozens of students who attended and turned their lives around because of the program. I see Lambda Alumni on every page of LinkedIn job boards. I'm sure some people had a bad time, but all of the ISA issues GP stated are clearly stated in the contract, and these calls for "jail time" are absurd. People clearly know almost nothing about the program, or its success rate. Don't forget that Student Loans still make this look like charity by comparison in virtually every way.

adeon 3y ago
If 90% of students have a good experience but the 10% of students have a similar experiences to the poster there, then I still think Lambda is another ethical disaster of a start-up. "It's better than a typical USA student loan" is a very low bar.
- nolongerthere 3y ago
  > "It's better than a typical USA student loan" is a very low bar. But that the literal alternative, so feels pretty fair to compare.
  - sn9 3y ago
    Not with learning programming. You can simply self-teach. A bootcamp isn't a CS degree.
    - dukeyukey 3y ago
      Between smarts, motivation, and time most people cannot "simply self-teach". There's a reason education is such a massive industry, and entire professions exist around it.
      - sn9 3y ago
        I'm refuting the notion that your only choices are college degrees or bootcamps.

schleck8 3y ago

100 % job placement rate 1 % of the time

laserlight 3y ago

Here is an HN thread I had with him [0]. He claimed that 90% of those who were job seeking got placed. The key point was the definition of “job seeking”, of course. I'm happy to hear that authorities took action. [0] https://news.ycombinator.com/item?id=33827202 https://news.ycombinator.com/item?id=33827202

mathattack 3y ago
What a huckster!