Your bizarre cheeriness in the face of "Agreeing to End Deceptive Educational Financing Practices" is offputting, especially when coupled with the way college financing has led to generational deadweight, anxiety, and hopelessness.
Also, it looks like you get out of Lambda School debts via bankruptcy, which you don't with regular college, so that's... an improvement?
During the middle of my enrollment at the program (Sept 2020), the school suddenly dropped all notion of grading, code review, and attendance, let alone the length of the program. It remained this way for 3 months, 50% of the length of the program.
This is a broad description of the changes, but I want to emphasize that the changes were terrible, _many_ students complained, and the school essentially whistled with fingers in their ears.
In the meantime I have a part time job and working through the MIT Computer Science OCW
That said, I’ve read through your profile and you’re a heck of a good writer. You likely don’t need any help and you’re going to do very well for yourself!! :)
That was always the case, Lambda School just communicated otherwise to students.
Apologize.
> Also, it looks like you get out of Lambda School debts via bankruptcy, which you don't with regular college, so that's... an improvement?
"You can't discharge student debt," is actually a myth. I have two relatives that discharged their loans due to financial hardship. It isn't trivial, but there's a process.
The issue with ISAs, in their current form, is the lack of legal framework. Short of bankruptcy, the best you can do is lawyer up. Lambda School targets people who can't afford lawyers.
What specific issues do you have with the ISA?
There are options other than being weirdly positive and ranting. They could not say anything at all. They could give one of several varieties of mea culpa. They could simply state their intentions going forward.
But if you lie about it, then...
Previously -> if you go bankrupt you still owe us.
Now -> if you go bankrupt you don't owe us.
On the face of it this seems like it would make Lambda school _more_ attractive than less.
Note, the clause in question is "qualified educational loan…subject to the limitations on dischargeability contained in…the United States Bankruptcy Code."
One of the biggest reasons student loans can't be forgiven in bankruptcy is because, after school, chances are the graduate has zero assets and can go bankrupt with the only downside being destroying their credit for 7 years. Whether or not you think this is justified or fair is up to you, but the situation before this ruling simply [de-]elevated Lambda School to the same playing field as other educational institutions - the only difference being that those institutions don't offer student loans themselves.
The ISAs are, as far as I know, capped at 30k, and only apply if you're making 50k/yr. I can't imagine a situation where someone's decision of whether or not to declare bankrupcy comes down to the 30k-max ISA; either it's the majority of your debt, and you're making >50k/yr, or it's a small amount relative to your other debt, in which case you should proceed anyways.
It’s exactly this. Lambda School customers tend to be young and financially ignorant, with very few resources. If a graduate is in a position where, say, they can’t find a software job, they could be functionally bankrupt, and their dwindling income/savings will still be going towards outstanding Lambda School payments.
From this perspective, it’s extremely shitty for LS to deceive students that they would have to make the payments, with no legal options, even if they were stressed about rent and groceries.
Technically sure. On the face it tells me something about their branding - that their offering may be more deceptive than I might realize. Especially since its a new economic model for education, the customer probably hasn't thought through everything, so trust is important here.
It in no way resembles the college financing model, and in fact the purpose was to succeed in precisely the way it does not.
He might not be entirely wrong. They're still not going to sell any to the general public, though, especially if it is carcinogenic.
https://en.wikipedia.org/wiki/Microwave#Health_effects:~:tex...