Lambda School (YC S17) now pays eligible students $2k/month
lambdaschool.com
Lambda School (YC S17) now pays eligible students $2k/month
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Re: Lambda School (YC S17) now pays eligible students $2k/month
#2"Upon completion of the nine month program students will be required to pay 10% of their salary for 5 years."
Re: Lambda School (YC S17) now pays eligible students $2k/month
#3How does taxes factor in with Lambda school? Are they taking pre or post tax income?
Re: Lambda School (YC S17) now pays eligible students $2k/month
#4"Upon completion of the nine month program students will be required to pay 10% of their salary for 5 years."
Yes, that covers the price of tuition and repayment of the $18,000 Lambda School gives out in stipends, as well as cost of capital and risk (you only pay back if you’re making more than $50k/yr, otherwise you pay $0).
Re: Lambda School (YC S17) now pays eligible students $2k/month
#5How does taxes factor in with Lambda school? Are they taking pre or post tax income?
You pay on a percentage of pre-tax income.
Re: Lambda School (YC S17) now pays eligible students $2k/month
#6This is a far, far better deal than the one that I got for university (CS at a major US research institution, class of 2004), which involved a sticker price of about $140k, a work study assignment unjamming printers to justify ~$2k of wages per semester to cover (barely) the meal plan, and ~$X0k of non-dischargeable debt which started ticking the day I graduated, despite the fact that I was earning salaryman wages (~$30k) for the first 6 years of my career.
Lambda School is quite possibly the most impressive startup I'm presently aware of. They are going to hit tertiary education like a freight train.
Re: Lambda School (YC S17) now pays eligible students $2k/month
#7Hey, co-founder of Lambda School here.
We launched our online CS academy with no upfront tuition almost two years ago.
Now with thousands of students enrolled and hundreds already employed and paying back we wanted to take the next step and open up access to folks who couldn’t afford to pay to survive while attending.
Of course, that introduces significant risk on our part, as students still only pay us back if they get a job paying $50k/yr or more, but we’ve spent the last two years perfecting our admissions and course to select hard-working folks who are likely to have what it takes to get hired and do everything we can to get them there.
For context, we have dozens of full-time interview sourcers and multiple companies per day coming in to interview our students - incentive alignment is powerful. Now that that’s working we can afford to take more risk.
We’re hoping we reach a point where anyone anywhere can move quickly to a high paying job, and only pay back if it works!
Re: Lambda School (YC S17) now pays eligible students $2k/month
#8Hey, co-founder of Lambda School here. We launched our online CS academy with no upfront tuition almost two years ago. Now with thousands of students enrolled and hundreds already employed and paying back we wanted to take the next step and open up access to folks who couldn’t afford to pay to survive while attending. Of course, that introduces significant risk on our part, as students still only pay us back if they…
Incredible opportunity! If I wasn't familiar with Lambda School it would be hard to believe. I think that shows just how good of a deal it is.
- current Lambda Student
Re: Lambda School (YC S17) now pays eligible students $2k/month
#9Just a heads up. Your site website navbar header is pretty hard to read (desktop, chrome, on mac). Here's a screenshot of what it looks like for me. The links are blending into the background.
Re: Lambda School (YC S17) now pays eligible students $2k/month
#10Just a heads up. Your site website navbar header is pretty hard to read (desktop, chrome, on mac). Here's a screenshot of what it looks like for me. The links are blending into the background. https://imgur.com/Gil5L9c
Thanks, you’re 100% correct. Currently working on a redesign.