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Lambda School (YC S17) now pays eligible students $2k/month

lambdaschool.com

11–20 of 203 posts

Re: Lambda School (YC S17) now pays eligible students $2k/month

#11

Just 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.

Maybe worth doing a quick hotfix until the redesign is pushed?

Re: Lambda School (YC S17) now pays eligible students $2k/month

#12

Hey, 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…

How do you collect the money? What's preventing a student from not paying you?

Re: Lambda School (YC S17) now pays eligible students $2k/month

#13
post #11

Earlier quoted context omitted.

Thanks, you’re 100% correct. Currently working on a redesign.

Maybe worth doing a quick hotfix until the redesign is pushed?

Ya the hacky way is to use a new image with a dark background, will have it up soon.

Re: Lambda School (YC S17) now pays eligible students $2k/month

#14

Hey, 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…

How do you collect the money? What's preventing a student from not paying you?

We get students’ tax returns to verify income and they sign a contract. What’s stopping them from not paying is the American contract law system which is severely underrated.

Re: Lambda School (YC S17) now pays eligible students $2k/month

#15

Hey, 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…

How do you collect the money? What's preventing a student from not paying you?

Same as any other IOU.

Re: Lambda School (YC S17) now pays eligible students $2k/month

#16

"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).

If I make $50,001, would I have to pay back the full 10%? Or is there some sort of gradient?

Re: Lambda School (YC S17) now pays eligible students $2k/month

#17

Earlier quoted context omitted.

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).

If I make $50,001, would I have to pay back the full 10%? Or is there some sort of gradient?

Yes, you’d pay $5k/yr.

In fact you might just want to ask for a raise to $55k and be net ahead because that’s not a great software engineering salary.

Re: Lambda School (YC S17) now pays eligible students $2k/month

#19

Hey, 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…

This sounds amazing. Any chance this will be available for EU students in the future?

Re: Lambda School (YC S17) now pays eligible students $2k/month

#20
post #19

Hey, 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…

This sounds amazing. Any chance this will be available for EU students in the future?

As quickly as we can go!
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