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.
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/