Lambda school is a blessing for those of us born into unfortunate circumstances with limited time, money and an urgent need to support a family and hopefully pull them out of poverty. I start in May wish me luck
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Lambda School wants to teach nursing
31–40 of 137 posts
Re: Lambda School wants to teach nursing
#32I’m definitely a big believer in Lambda School. I believe it aligns the interests of: 1)student 2)school 3)employer Far better than the existing conventional university model in teaching tangible trade skills. Lambda School can and will adapt to the ever changing needs of employers far faster than universities because Lambda School’s very existence depends on it. However, does the same apply to regulated and licensed…
Lambda School has to play by the rules of regulatory bodies. It makes it more difficult to be innovative but makes sense in a field line nursing.
Re: Lambda School wants to teach nursing
#33I am skeptical that these income sharing agreements are so great. Especially in software. Lambda School has a 9 month program that takes a 17% cut of your salary for the first 24 months of employment with a cap at $30,000. Which many students in software will hit, especially in high COL areas. It's worth noting that this is more expensive than many/most universities, which charge less than $30,000 per year (9 months…
While I can't disagree about other programs being less expensive, how much is it worth to students knowing that the program is incentivized to get them hired because _the program won't get paid unless the student get well hired after_?
It's a priceless feature that every student would value differently... maybe that's worth a few thousand more?
Re: Lambda School wants to teach nursing
#34Lambda school is a blessing for those of us born into unfortunate circumstances with limited time, money and an urgent need to support a family and hopefully pull them out of poverty. I start in May wish me luck
Good luck!.. I've referred two people to Lambda who start later next month. They're both excited to start and I'm looking forward to hearing how their experience is before I go all-out and refer more people - it's a program that has a structure and philosophy that I can easily agree with.
Re: Lambda School wants to teach nursing
#35I am skeptical that these income sharing agreements are so great. Especially in software. Lambda School has a 9 month program that takes a 17% cut of your salary for the first 24 months of employment with a cap at $30,000. Which many students in software will hit, especially in high COL areas. It's worth noting that this is more expensive than many/most universities, which charge less than $30,000 per year (9 months…
"It's worth noting that this is more expensive than many/most universities, which charge less than $30,000 per year (9 months of instruction) even at the sticker price (which no one actually pays)."
Unless, of course, you date someone of the "wrong" race or gender, convert to the "wrong" religion, join the "wrong" political group, or do anything else that your parents don't like. Then you'll have to pay sticker price, because your parents didn't submit all the forms the college required them to.
Re: Lambda School wants to teach nursing
#36This is interesting. There’s also a projection of physician shortage in the years to come. This is both for primary and specialty doctors, and I’m curious if there will be innovative ways to work around this, too; this was released a few days ago here: https://news.aamc.org/press-releases/article/2019-workforce-... .
My understanding is that the big problems are 1. existing credentialing bodies and 2. the AMA, which wants to restrict entry into the profession and chiefly does so through the residency system. The physician shortage is a bug to the larger society but a feature to existing doctors, who wish to charge patients more and raise their own salaries. But see also https://www.nytimes.com/2016/11/08/upshot/a-doctor-shortage-…
Hi, I'm a doc. Just wanted to add a few corrections: The AMA (American Medical Association) has nothing to do with residency slots. Residency slots are funded by CMS. I am in a shortage speciality, and we have been pushing for more residency slots for a long time. While there are probably some physicians who are self-interested enough to oppose this, I think it's unfair to characterize them as even a significant minority. Even if you think of physicians as ruthlessly self-interested, this still wouldn't serve us as the shortage has largely led to the influx of people with a small fraction of the clinical training (such as nurse practitioners) taking roles traditionally filled by doctors. Interestingly, they are not generally held to the same standard of care, so I'd hardly call that a boon to patients, either.
Re: Lambda School wants to teach nursing
#37“But Ms McRae is also concerned that programmes like Lambda School, though well-meaning, risk undermining existing educational institutions by offering a quicker route to work.”
Re: Lambda School wants to teach nursing
#38I am skeptical that these income sharing agreements are so great. Especially in software. Lambda School has a 9 month program that takes a 17% cut of your salary for the first 24 months of employment with a cap at $30,000. Which many students in software will hit, especially in high COL areas. It's worth noting that this is more expensive than many/most universities, which charge less than $30,000 per year (9 months…
I have a friend going through a boot camp, and the financing was eye opening. They are indeed expensive, but consider: what if an applicant does not have the credit history or collateral to get a student loan?
This is a pretty common situation for people looking to pick up a trade skill to get out of the unskilled labor market, or for people looking to transition into a more desirable field of work.
Re: Lambda School wants to teach nursing
#39“But Ms McRae is also concerned that programmes like Lambda School, though well-meaning, risk undermining existing educational institutions by offering a quicker route to work.”
Netflix, though well-meaning, risks undermining existing video rental companies by offering a quicker way to watch movies.
Re: Lambda School wants to teach nursing
#40I am skeptical that these income sharing agreements are so great. Especially in software. Lambda School has a 9 month program that takes a 17% cut of your salary for the first 24 months of employment with a cap at $30,000. Which many students in software will hit, especially in high COL areas. It's worth noting that this is more expensive than many/most universities, which charge less than $30,000 per year (9 months…
I don't think it's fair to compare an arrangement at zero up front cost risk to the student to a full up-front cost risk to the student (where the loan also hurts his credit rating) dollar for dollar. Are you also factoring in the NPV? Inflation?