![]() ![]() Lambda has been unfairly attacked for ISAs that could cost graduates $30k. ![]() ![]() Lambda has further tried to reduce education friction by fronting living expenses in return for a longer ISA.Ĭritiques of Lambda’s ISAs are misplaced. So ISAs can smooth the path to upskilling for millions. Why don’t millions of Americans run out and get the digital skills employers desperately need? The first barrier is cost of training and concomitant financial risk. Lambda is also doing a good job trying to reduce friction by eliminating tuition from the equation. Other postsecondary programs and employers would do well to adjust their application processes accordingly. First, Lambda adroitly recognized that closing the skills gap requires a vertically integrated model including admissions, learning, and a “job finder,” and that “school is only a tiny part of the engine.” Second, Lambda determined that the best measure of student success is an applicant’s performance on pre-coursework. Tweets from Lambda executives like “if you don’t think Lambda is at least a $100B company you don’t understand the American economy” haven’t helped.Īusten and Lambda have gotten many things right. And Lambda’s voluble founder, Millennial poster boy Austen Allred, is a college dropout and Y Combinator grad previously best known for sharing every waking thought – mostly about stuff happening in Silicon Valley – with his 167,000 Twitter followers. The company raised $122M from dozens of Silicon Valley investors like Google Ventures and Ashton Kutcher at a valuation in excess of $200M. Plus, rather than ad hoc remote courses, Lambda’s coding courses are expressly designed for online learning.ĭig deeper, though, and it’s clear why Lambda has become a target. After a year in which thousands of accredited higher education institutions demanded that students borrow tens of thousands of dollars to pay for online courses, Lambda’s no tuition / income share agreement (ISA) model for online courses appears positively virtuous. ![]() On the surface, it’s hard to see what’s not to like about Lambda School. ![]()
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