Lambda School Income Share Agreement
Lambda School Income Share Agreement: Everything You Need to Know
Are you interested in pursuing a career in coding and tech, but worried about the cost of education? Lambda School, a coding bootcamp, offers an alternative to traditional education with their Income Share Agreement (ISA) program.
What is an ISA?
An Income Share Agreement (ISA) is a financial model that allows students to defer the cost of their education until after they have secured a job and are earning a minimum salary. Instead of paying upfront tuition fees, students agree to pay a percentage of their future income for a fixed amount of time, typically two to five years.
How Does Lambda School`s ISA Work?
Lambda School`s ISA is designed to make education accessible to all students regardless of their financial background. Students accepted into the program are not required to pay tuition upfront. Instead, they agree to pay 17 percent of their income for two years after graduating and earning at least $50,000 annually.
If a student does not earn at least $50,000 per year after graduating, they are exempt from payment until they do. Lambda School`s ISA also has a maximum payment cap of $30,000, meaning that if a student`s earnings exceed a certain amount, they will not have to pay more than the agreed-upon maximum.
Why Choose Lambda School`s ISA?
Apart from the financial advantage of being able to defer tuition payments, Lambda School`s ISA offers several other benefits:
1. No upfront costs
Students are not required to pay any tuition fees until they have secured a job and are earning a minimum salary of $50,000 per year.
2. Quality education
Lambda School`s curriculum is designed by industry professionals to ensure students receive the most relevant and up-to-date training in coding and tech.
3. Career services
Lambda School provides career services to all students, including job search assistance, resume reviews, and interview preparation.
Lambda School`s curriculum is entirely online, allowing students to learn at their own pace and from anywhere in the world.
5. Low-risk investment
If a student is unable to secure a job after graduating, they will not be required to pay anything, ensuring that the program is a low-risk investment.
Lambda School`s Income Share Agreement program offers a unique and affordable approach to education in the tech industry. With no upfront tuition fees, relevant and up-to-date curriculum, and career services, Lambda School`s ISA provides students with the skills and support they need to succeed in their careers. If you are interested in pursuing a career in coding and tech, Lambda School`s ISA could be the perfect solution for you.