This is why I hate you and your product. You come in here and lie through your teeth repeatedly.
You sell yoyr ISAs which are already predatory. This means you dont give a flying fuck if students graduate because you get paid regardless, as opposed to the bullshit you spout about incentives being aligned.
More softball bullshut or speak answers.
Lambda needs to be sued into the groundlike ITT Tech and Hallmark. I for one can't wait.
You are incorrect in your understanding of how ISA financing works. Our interests and incentives remain aligned.
Interesting, I didn't know this. I thought you just sold the ISA outright, which would retain some of the incentive but weaken it quite a bit. It's great to hear that that's not happening.
I found https://lambdaschool.com/the-commons/announcing-our-new-isa-... discussing this in more detail. Seems like everyone complaining about Lambda School ISA financing should just read that...
It's still completely aligned, we just fast-forward some of the cash so we don't have to raise endless amounts of VC.
As a student, I can confirm this is a lie. And you know it is because we have told you in Slack, we've told you on Twitter, we've told you on Reddit, and now you have to read about it on Hacker News.