| > That’s not an apples to apples comparison, as Lambda School’s schedule doesn’t align with a university schedule. It's apples to apples wrt income sharing agreements as an alternative to loans. You're of course right that there are significant curricular differences. > A student will have spent about 2,000 hours in Lambda School by graduation - the equivalent of ~4 university semesters, because we go all day every day and don’t take breaks. University students should be going every day and not taking breaks. > And comparing the amount of debt vs the total possible cost doesn’t make for an accurate comparison either. I agree that this isn't the best possible comparison, but I couldn't even find the data to make a better one. Does Lambda School publish average paybacks? > Also note that by the time a Lambda School student is at year four, if we want to factor in the opportunity cost of time, a Lambda School student has paid Lambda School back and has three years of earnings/work experience. On the other hand, a 4 year degree with 2+ majors is much more robust to shifts in labor market demand. Which does shift from under you feet. In fact, that very dynamism is regularly referenced in Lambda School's marketing... > ...and have earned an additional $250k? So, do lambda grads not on average max out the payout, or do they on average make way less than $250k over 2 years? You can't have it both ways ;-) To answer your question: I lived through dotcom, '08, and lots of shifts in tech stacks that corresponded with layoffs of folks who didn't have foundation skills to keep up (Java/C/mainframe programming grads from community colleges who never could "grok" the web). So I have one answer about this versatility/robustness vs. maximizing short term returns question. But I'm sure people who have never seen a down cycle or major shift in tech have a different one. |
As a university student, I respectfully disagree.