Do you guys make any money on the recruiting end?
Not yet
Lambda School (YC S17) now pays eligible students $2k/month
81–90 of 203 posts
Re: Lambda School (YC S17) now pays eligible students $2k/month
#82Earlier quoted context omitted.
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.
Being net ahead at $55K suggests the repayment is tax deductible. Is that the case?
No, that’s an oversimplification on my part to not complicate things, you’re right it would need to net higher.
Re: Lambda School (YC S17) now pays eligible students $2k/month
#83@austenallred What's the catch? Lambda School has always struck me as scam like with a very vocal CEO and over promises. What happens when regulators start cracking down on these practices and what makes you think Lambda will be successful when most bootcamps have failed or been acquired.
If regulators do this it will be to protect a crooked accreditation monopoly from their well-deserved demise.
Re: Lambda School (YC S17) now pays eligible students $2k/month
#84Hey, 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…
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Re: Lambda School (YC S17) now pays eligible students $2k/month
#85Best would be a company that just takes on apprentices for $20/h. No debt.
Re: Lambda School (YC S17) now pays eligible students $2k/month
#86RE: Those interviewing at Lambda (rejected)
Luck of the draw with who decides to interview you, I had a guy from the admissions team with zero enthusiasm essentially just reading off of a list of questions. I tried to answer well but giving off good energy from a dead duck is hard. I also was more practical with my answers of wanting to get into coding, jump in profession, curious, experience as a BA, writing technical docs and general data analysis. Each response by the interview was simply: "hmmm ok." Rejected around ten minutes after my TEN minute call. PS tell them you love coding, live and breathe it, etc.
Re: Lambda School (YC S17) now pays eligible students $2k/month
#87Re: Lambda School (YC S17) now pays eligible students $2k/month
#88Hey, 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…
Hey, may I just say that I really appreciate what you are doing.
The biggest problem in education right now, IMO, is that incentives are not aligned. What happens with college is that students put themselves 100K+ in debt, but the college doesn't really care if the people get jobs in not.
It is an extremely upstanding and honest business model, to make is so the educational institution (you, in this case), only get paid if the students get paid.
I really hope that more educational institutions follow your example of taking on the risk of the students.
Re: Lambda School (YC S17) now pays eligible students $2k/month
#89Earlier quoted context omitted.
I couldn’t agree more. The traditional education system is broken for training software engineers in my opinion. I thankfully dropped out my freshman year, but some of my classmates were literally not capable of using Git (branching & resolving merge conflicts) for their senior capstone projects. Given almost every company uses Git all day every day how is a $250k education helping prepare them for working in the rea…
That would be a waste of time to teach. It takes maybe a few hours to learn almost everything there is to know about branching or merge conflicts. You should learn the hard things in school, not the minutiae or trivia you would learn in your first month of any job. When I was in school I'm glad I went out of my way to take all the math-heavy and theoretical classes I could, and no classes like "modern web design" or…
> That would be a waste of time to teach. It takes maybe a few hours to learn almost everything there is to know
You are thinking about this wrong.
If it is so easy and quick to teach people how to use git, then why aren't colleges doing it!?!?
Learning how to use common software engineer tools is a low effort, high reward situation. All they have to do is spend a day on it, and they have now made their students significantly more valuable.
Educational institutions that do not even bother to spend such a small amount of time, in order to make their students much more valuable, are making a huge mistake.
Re: Lambda School (YC S17) now pays eligible students $2k/month
#90Earlier quoted context omitted.
You pay on a percentage of pre-tax income.
Wowza. People are gambling on tax rates of every level?!
You may be able to deduct the payments as either an education expense or an unreimbursed job expense, but I haven't dug into the tax code to find out for sure. I'll be the LS people know though. :)