[noelwelsh]

Thanks writing up such a detailed comment!

I assume "tricky financial stuff on the backend" means referral fees for placing students, and the like. Can you go into more detail on this?

I'm also curious how your online training works. Is it an inverted classroom model (read / watch stuff before class, discuss material and exercises in class?), or self-paced, or what? My experience is that online training doesn't work as well as face-to-face training, but this is in a very different context (training developers who already have jobs == they never do homework).

[austenallred]

We keep some of the financial stuff close to the chest, but there are ways we use wall street and robust capital markets to help fund student tuition upfront.

Everything we do is real-time, interactive, and absolutely not self-paced. There's supplemental material that's a flipped classroom model, but that's definitely not the main focus.