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by anchpop
1883 days ago
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I wonder if the accusation is that they were trying to mislead people into not understanding that bankruptcy is an option, in the hope that they’ll be less likely to default? Still doesn’t really seem that serious to me. Nobody who was under the impression that the loans could not be discharged by bankruptcy will be disappointed to find out that they can. |
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It’s exactly this. Lambda School customers tend to be young and financially ignorant, with very few resources. If a graduate is in a position where, say, they can’t find a software job, they could be functionally bankrupt, and their dwindling income/savings will still be going towards outstanding Lambda School payments.
From this perspective, it’s extremely shitty for LS to deceive students that they would have to make the payments, with no legal options, even if they were stressed about rent and groceries.