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Ruben Ogbonna:
When we’re operating at the scale of a small college, serving a couple thousand students a year in New York City, we’re going to be able to influence policy in a more meaningful way, we’ll have a seat at the table of industry in a more meaningful way, and it creates an even better student experience, a depth and breadth of relationships that are there.
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Ruben Ogbonna:
And then there’s this question of like, this group that we’re trying to solve a problem for is really, really big. Even when we’re serving a couple thousand students a year, just in New York City, that has a tiny drop in the bucket. And so the question is, how do we have the type of impact that makes a difference at scale? What it is like, by seeding an ecosystem. The way that I think about this is like, the Marcy Lab School is going to continue to grow, we’re going to increase our footprint here in New York City, we’re going to… At some point in the distant future, we’ll look at like, what other cities could benefit from a model like the Marcy Lab School? But it’s not about the Marcy Lab School, it’s about the other schools that we will inspire.
That’s what is present, whether it’s funded from the federal loans, whether it is a beneficial sponsored from the authorities or personal spend, there was a model that’s largely broken for a number of everyone, nevertheless functions
Ruben Ogbonna:
Someone needs to be, right now, building the Marcy Lab School for journalism, or the Marcy Lab School for a suite of business careers. We want to be able to show people that this student population has the potential to do two things, achieve academically at a level that they haven’t been given credit for before, and to, B, be able to break into industry sectors that previously had been gate-kept from them because they didn’t have a degree. If we can show people that students from the Marcy Lab School come out of here with six-figure job offers, with equity, with health insurance, with retirement plans, then somebody is going to be inspired to figure out what other industry they can shake up that way.
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Ruben Ogbonna:
I think if we have this world… When I think about the world that I want my little girl, my 10-month-old daughter, to grow up in, I want her to be able to graduate from high school here in New York City and know that she has a ton of options. She’s going to look at all the colleges that she could attend, and she’s going to look at all of the schools that look like the Marcy Lab School, that ask her to not sacrifice anything in terms of her near term or long term earning potential or career optionality, and she’s going to see them as viable options, too.
Yeah. I want to keep hitting on investment element, as I am just speculating here, however, I am provided that your prices per college student is much down. It is not only only one seasons versus several otherwise four ages, one alone reduces the price drastically. But my guess are you happen to be merely doing work a whole lot more leanly. Therefore we is to talk about you to. But fundamentally, there’s tuition. Today there clearly was a whole way up to 100 % free college, and this I’m nevertheless seeking tie my personal direct up to, as the you may be basically giving free school, nonetheless it seems different right here. Including, you talked about this new…
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