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Tags: highlights, tech, education Link: https://www.theverge.com/2020/2/12/21135134/lambda-school-students-edly-isa-debt-swapping-partnership-shares-investors From: The Verge

# As Lambda students speak out, the school’s debt-swapping partnership disappears from the internet

“The ISA is the business model, not education,” says Kim Crayton, a business strategist and founder of CauseAScene , an organization that’s seeking to disrupt the status quo in tech. “You cannot tell me that education is your business model when you have not registered as an institution.” For months, Crayton has been speaking about the problems with coding bootcamps on her podcast, where she’s argued that they target vulnerable communities. “You’re put in these spaces and putting in 110 percent and it’s still not working and you’re told to ‘trust the process,’” she says.

Great reporting on this at The Verge.

Kim Crayton makes an excellent point. The promise of many of these neo-credentials is for students to leapfrog the things everyone fears about the conventional education system. No one is more vulnerable to taking on loads of student debt than those who need it most. Those students are also going to suffer the most if their university or college fails to equip them for a career. Lambda solves both of these problems, making it extremely attractive to poor students.

Sadly, there’s always a catch.