Profile of Lambda School, an online coding program that is free in exchange for a share of post-graduation income, has 2,700 students, and is growing 10%/month
Early this summer, the tech entrepreneur Austen Allred was on Reddit, as he often is, when he noticed something suspicious. Tweets: @nathanmart , @gregoryjbarber , and @austen Tweets: Nathan Martin / @nathanmart : Balanced piece on promise & challenges of Lambda School— For now, though, Lambda is “burning through millions of dollars” a month, Allred says. “The core equation is cost per student, and then the success per student.” https://twitter.com/... Gregory Barber / @gregoryjbarber : There's a lot of hype around schools, like @LambdaSchool , that are “free until you get a job.” But can a model designed to maximize returns to investors really help reduce student debt? @WIRED https://www.wired.com/... Austen Allred / @austen : “People want to think that Lambda School is a scam, because they want to believe the results we're producing are impossible.” https://www.wired.com/...