Lambda School fined $75k by CA for operating without state approval [pdf]

Post by ttoinou » Tue, Jul 30, 2019, 5:40 AM UTC

laurentoget wrote: post #335

tolmasky wrote: post #164

Earlier quoted context omitted.

I do mean this completely naively, as I was not even aware that "exchanging knowledge for money" required a license before this, but why do you feel this way? I'm so shocked that this isn't simply about certification (aka, you can't give out some sort of officially accepted slip of paper without a license, which I would at least be able to come up with arguments for), that I am really curious as to how this is an iss…

Training is different from Knowledge. My understanding is that what is regulated is an institution making promises that they will give you marketable skills against a substantial amount of money. This is regulated because a lot of people get abused in similar situations.

Post by arcturus17 » Tue, Jul 30, 2019, 6:14 AM UTC

nabnob wrote: post #141

yalogin wrote: post #129

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.

Post by appcloud » Tue, Jul 30, 2019, 6:27 AM UTC

austenallred wrote: post #65

merpnderp wrote: post #49

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.

The real fun ones are where we have to submit the curriculum for approval every time we make a change (considering we make small tweaks to curriculum every day - they did not plan for that use case). Good thing there are APIs for printing and mailing changes to a diff :)

Post by abdulmuhaimin » Tue, Jul 30, 2019, 10:16 AM UTC

mychael wrote: post #210

Someone1234 wrote: post #78

After reading this thread and considering it, the regulations seem fine, but lack of consistency between states seems to be a large pain-pont. I realize California isn't just "any" state but needing to seek unique approval from up to all 50 states just to run an online school seems like a really high (and expensive) bar. It would be nice if more states cooperated on things like this. Then you seek approval from the c…

The "lack of consistency" between state regulations is a feature, not a bug. States are Laboratories of democracy.

Post by tomohawk » Tue, Jul 30, 2019, 12:05 PM UTC

merpnderp wrote: post #49

austenallred wrote: post #11

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…

25 lbs of paperwork to register an online school? Sounds less about protecting students and more towards protecting incumbents and cronies.