This really helpful for me.
Taking a church denomination as an example, if you’re a member, the church can subsidize tuition, and then once you graduate, they can hook you up with tech industry workers that are also members of the church. Because the church subsidizes tuition, you give up less of your income once you graduate. This arrangement would reduce the “dead weight loss” of people going through the boot camp and ending up underemployed because of low social capital/discovery. As the alumni network of Lambda + church grows, a larger number of people will want to pay it forward by helping the next generation. The church would facilitate this process formally.
If they really want to disrupt education don't start by attempting to create some sort of novel pseudo-loan just to claim that they are tackling the student loans problem.
Start by creating an educational experience that can compete with top established schools by leveraging technology to cut costs and improve the learning of the students. Doing this would actually make the ISAs valuable, but you got to start by providing real quality.
