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Lambda School: Innovation or Scam?

In Programming, Technology by PeteLeave a Comment

One of the newer code schools on the block is Lambda School. Their financing model recently came to my attention. It looks too good to be true. For many people it might be. Lambda School offers two products: A code school that charges $20,000 for a 30 week program Financing for said school The financing is important because they’re not accredited; traditional student loans aren’t available. They describe their financing mechanism on their front page: Pay Nothing Until You Make It No loans, no debt, and no up-front tuition. You’ll pay a percentage of income after you’re hired, but only if you’re making at least $50k/year. Their Austen Allred, their CEO, provided some extra details on Twitter: $50k Salary repayment …