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Re:Income-sharing agreements let students trade future earni... by barry-cotter on Tuesday April 09, 2019 @09:38AM (#19614455)
It is a terrible deal. Lambda School’s stipend programme (places limited) pays students $2,000 a month for the nine months of their job training, while they get trained 40 hours a week and that includes interview prep and placement and job search help that makes university careers offices look like they’re going through the motions, not trying to get the students a job.

And after paying students $18,000 and spending nine months getting them job ready and helping them find a job they only have to pay back

> Upon completion of the program, students will pay 10% of their salary for a five year period once they're making at least $50,000 per year. The max possible payment is capped at $50,000.

https://lambdaschool.com/stipend/

Or if you don’t get the stipend

> There are no up-front costs required to attend Lambda School; we only get paid when you do. Once you’re earning at least $50k per year you’ll pay back 17% of your income for the first two years.

> Total tuition possible is capped at a maximum of $30k, so no matter how much you’re getting paid the most you could possibly pay is $30k.

https://lambdaschool.com/about/

Re:Income-sharing agreements let students trade future earni... by RankingMember on Wednesday April 10, 2019 @02:46PM (#19627615)
This seems pretty amazing. If anyone who's gone through this program sees this, what's the catch/is there a catch? Seems almost too good to be true.
Re:Income-sharing agreements let students trade future earni... by Matticus_Rex on Wednesday April 10, 2019 @05:18PM (#19628884)
They're a YC company. I've seen their students on Twitter talking about how it transformed their lives.

I think it's just the first salvo in a disruption that's been waiting to happen for a while.

Re:Income-sharing agreements let students trade future earni... by toast0 on Wednesday April 10, 2019 @03:14PM (#19627842)
Do they also get a payment from the employers (like a staffing agency would?)
Re:Income-sharing agreements let students trade future earni... by eosophos on Wednesday April 10, 2019 @05:09PM (#19628799)
Just went to apply, but seems they shut down the stipend applications for now because of overwhelming interest.