The cost of higher education in America compels many students to rack up crushing amounts of debt to earn a degree. In response, an alternative-model venture, the Lambda School, launched in 2017. According to journalist Andrew Ross Sorkin in this balanced overview for the general reader, the online vocational education firm does not charge students upfront tuition costs. Instead, graduates agree to fork over part of their income for a specified length of time after they land high-paying jobs. The idea elicits valid criticisms, but some see it as a creative way to close workforce gaps.
In this summary, you will learn
- How a new venture capital-backed program allows students to avoid debt,
- What advantages such arrangements offer over traditional higher education programs, and
- What critics point out as factors that could limit the model’s efficacy.
About the Author
Andrew Ross Sorkin is a columnist at The New York Times, and the founder and editor-at-large of DealBook.