151–160 of 364 posts
It’s true. Our counsel informed us that we didn’t need to register. Counsel was wrong. Now we have new counsel :) We’ve submitted all the paperwork and have worked closely with California. This all happened a long time ago. I’m not sure what the right level of regulation is (it’s hard taking care of 50 states at once - one state registration was 2,277 pages and weighed 25 pounds https://twitter.com/austen/status/1153…
Can someone tell me what a Lambda school is? From the comments here it appears its a specific class of school. From their site it just looks like a regular online learning company.
> From the comments here it appears its a specific class of school. From their site it just looks like a regular online learning company. It is not a class of school, it is indeed a company. A scam/cult masquerading as a startup. It's hyped, it's batshit insane. A thread from yesterday https://twitter.com/KeziyahL/status/1155154616281178114 but of course there is more. To me, it was obvious there is something wrong b…
> Wait, you are charging 50% interest? Possibly over two years?
that's not how interest works. on a variety of levels. for starters, "50% over two years" would be 22% annualized, which is the only way anyone talks about interest. admittedly, that would be a high interest rate.
except it isn't interest. what you pay is a function of how much you earn. try borrowing money from the bank for 6%, and see if they'll let you just stop paying if you don't make any money.
> I started a (very small, very unprofitable) school in a far away country and also happen to have a teacher's degree
what were you teaching that didn't require simple arithmetic, or reading comprehension?
It’s true. Our counsel informed us that we didn’t need to register. Counsel was wrong. Now we have new counsel :) We’ve submitted all the paperwork and have worked closely with California. This all happened a long time ago. I’m not sure what the right level of regulation is (it’s hard taking care of 50 states at once - one state registration was 2,277 pages and weighed 25 pounds https://twitter.com/austen/status/1153…
Can someone tell me what a Lambda school is? From the comments here it appears its a specific class of school. From their site it just looks like a regular online learning company.
It's a scammy, for-profit, private school that charges $30k+ for online classes. Edit: 20k up front, versus 30k if taken out of your salary over 2 years. That's around 20% interest. They mention that payments are 17% of your income, but this is calculated pre-tax and paid after taxes.
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It's a scammy, for-profit, private school that charges $30k+ for online classes. Edit: 20k up front, versus 30k if taken out of your salary over 2 years. That's around 20% interest. They mention that payments are 17% of your income, but this is calculated pre-tax and paid after taxes.
That seems exceptionally unfair. They’re very up front about what they charge, how they charge it, and whether or not you even pay anything at all. I got a lot out of my overall college experience and so I probably wouldn’t opt for it, but if one of my kids was only interested in software development, I would suggest they attend Lambda School with no reservations whatsoever.
But we only get paid $30k in the case where you get a software engineering job after Lambda School that pays $85k+. Everyone else pays less, and absolutely no one pays more than $30k.
Our upfront tuition for the nine-month, full-time course is $20k if paid upfront.
Learned something today. I thought lambdas operate without state.
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Or, it serves as an appropriate barrier to prevent people from scamming prospective students out of huge sums of money.
Looking at student loan debt it appears that it was unsuccessful
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25 lbs of paperwork to register an online school? Sounds less about protecting students and more towards protecting incumbents and cronies.
When the government makes you waste a a day filling out paperwork to prove that your dog food doesn’t contain human remains, don’t blame the regulators. Blame the guy before you who made a buck by vertically integrating his cannery and his morgue.
SOX compliance is arduous but it only exists (and is as strict as it is) because some banks decided to destroy the global economy just to make a bit of money and couldn't understand why this was a bad thing.
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When the government makes you waste a a day filling out paperwork to prove that your dog food doesn’t contain human remains, don’t blame the regulators. Blame the guy before you who made a buck by vertically integrating his cannery and his morgue.
Nah, blame the regulators too for thinking that filling out paperwork is likely to meaningfully dissuade someone from using human remains to make dog food. It was probably sufficient to explain to that one guy why that was bad.
Greed doesn't listen to reason.
Earlier quoted context omitted.
25 lbs of paperwork to register an online school? Sounds less about protecting students and more towards protecting incumbents and cronies.
When the government makes you waste a a day filling out paperwork to prove that your dog food doesn’t contain human remains, don’t blame the regulators. Blame the guy before you who made a buck by vertically integrating his cannery and his morgue.