The biggest thing about them this month was https://news.ycombinator.com/item?id=22366474 which while its bad that they do a poor job teaching isn't really something someone would clear their social media over
Their “education” is piss poor, they say that you must have essentially achieved 100% attendance to be able to make any claim that their training was no good and they failed to meet their claimed effectiveness.
Then they garnish your wages from any job subsequent claiming that they got that job for you.
Part of their employment “success” is them hiring graduates from the school to teach (poorly), this maintaining their high employment rates.
Now it turns out they’re bundling and reselling the ISAs to arbitrary investors/collection agencies (who are known for behaving legally and ethically w.r.t to collections laws).
because they explicitly make the claim that you can trust them because they don't make money until you make money - e.g. it's not in their interests to just take on as many people as possible, and that the education will be good enough to make money.
But they do make money more or less immediately upon getting the ISA, so that claim - and the motivation to provide the quality of service they've claimed they'll offer isn't actually there.
Yea that’s a good point, I realised that after I posted! But the alignment of incentives is not gone, it’s just less direct. In the long run, they will not be able to sell off the ISAs if their students don’t make good, because then the ISAs will not be worth much. Although looks like they’re already pretty cheap, 10k?
Lambda school still seems shady, looks like he lied about this and other important stats and facts.
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[ 4.6 ms ] story [ 35.9 ms ] threadhttps://raw.githubusercontent.com/WillManidis/GoodbyeLambda/...
Then they garnish your wages from any job subsequent claiming that they got that job for you.
Part of their employment “success” is them hiring graduates from the school to teach (poorly), this maintaining their high employment rates.
Now it turns out they’re bundling and reselling the ISAs to arbitrary investors/collection agencies (who are known for behaving legally and ethically w.r.t to collections laws).
Essentially they’re frauds.
But they do make money more or less immediately upon getting the ISA, so that claim - and the motivation to provide the quality of service they've claimed they'll offer isn't actually there.
Lambda school still seems shady, looks like he lied about this and other important stats and facts.