Lambda School agrees to end deceptive educational financing practices • Hacker News Board

Re: Lambda School agrees to end deceptive educational financing practices

#301

Post by pugio » Wed, Apr 28, 2021, 10:19 PM UTC

mox1 wrote: post #188

pugio wrote: post #181

Earlier quoted context omitted.

Could you comment a bit more about Trilogy? From what I understand, they provide a bootcamp as a service to be offered by other institutions, such as universities around the world. Do you have any personal experience of their deception or lack of quality?

Agreed hopefully we get a response. I was an instructor for Trilogy, didn't really see any 'deceptive practices' in my couple years there.

Would you be willing to speak a bit more about your experience there? I work on non-profit tech education, and am curious about effective/successful bootcamps. (My email is in my profile.)

Re: Lambda School agrees to end deceptive educational financing practices

#302

Post by pugio » Wed, Apr 28, 2021, 10:19 PM UTC

lai-yin wrote: post #205

pugio wrote: post #181

Earlier quoted context omitted.

Could you comment a bit more about Trilogy? From what I understand, they provide a bootcamp as a service to be offered by other institutions, such as universities around the world. Do you have any personal experience of their deception or lack of quality?

I was a student at Trilogy. Not sure what they mean. The course was fun. The good students leveled up in their careers. I certainly did.

Would you be willing to speak a bit more about your experience there? I work on non-profit tech education, and am curious about effective/successful bootcamps. (My email is in my profile.)

Re: Lambda School agrees to end deceptive educational financing practices

#303

Post by 908B64B197 » Thu, Apr 29, 2021, 5:01 PM UTC

40four wrote: post #297

908B64B197 wrote: post #285

Earlier quoted context omitted.

> and plenty of companies still complaining about not being able to find qualified candidates. This is completely missing the point: it's free to whine about a "labor shortage" (at the price you are willing to pay). Best case you'll get subsidies (direct or indirect) from the government. Worst case? Nothing happens.

I’m not sure I get your point? Best case you get government subsidies? What are you referring to? Worst case? I think I can think of a lot worse than ‘nothing’.

> What are you referring to?

Immigration quotas/special visas, programs to get more people into the field you are trying to hire from (all the X group in STEM programs for instance).

> I think I can think of a lot worse than ‘nothing’.

Like what?

Re: Lambda School agrees to end deceptive educational financing practices

#304

Post by sugarwater » Fri, Apr 30, 2021, 2:35 AM UTC

hluska wrote: post #219

sugarwater wrote: post #214

Earlier quoted context omitted.

I graduated at the end of February and am still job searching. In the meantime I have a part time job and working through the MIT Computer Science OCW

If I was in a position to offer you something I would but I’m not. With some luck, someone else will see this and help you out. 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!! :)

Thanks! Nobody's ever told me that about my writing! My email is open if anyone wants to chat, to anyone that sees this :-)

Re: Lambda School agrees to end deceptive educational financing practices

#305

Post by mathattack » Sat, May 01, 2021, 6:53 PM UTC

How much will this cost them? Are they on the hook for losses to investors who bought the revenue streams attached to the ISAs?

Re: Lambda School agrees to end deceptive educational financing practices

#306

Post by jfrunyon » Thu, May 06, 2021, 7:09 PM UTC

musicale wrote: post #197

jfrunyon wrote: post #78

Earlier quoted context omitted.

> It is definitely important to note that that these loans can be discharged in bankruptcy. But as far as I know, isn't this less stringent than typical student loans, which can't be discharged in bankruptcy? Is the point here that there was a population of Lambda students who weren't aware they could discharge their loan, and this contract prevision was preventing them from doing so? Or was the school deliberately m…

Although it is harder to discharge student loans in bankruptcy, as I understand it they can be discharged in bankruptcy if the borrower can prove undue hardship (probably hard to do, especially with income-based repayment) or if 7 years have elapsed since the start of repayment. This does seem to violate the spirit of bankruptcy law as well as basic economics (presumably student loans consist of and are repaid with t…

> if the borrower can prove undue hardship (probably hard to do, especially with income-based repayment)

Yeah, it's pretty hard to do. You have to have an "adversarial proceeding" (i.e. a lawyer from the Department of Education or whoever shows up and argues against you).