The Income Share Agreement requires you to do a few things, including (but not limited to):
• Reporting your monthly income
• Reporting your job status
• Submitting your tax returns
We partner with Leif
, a company that handles all of the collecting, reporting, and other administration related to our Income Share Agreements. If you’re accepted to Lambda School you’ll sign and manage your ISA through them. Leif will contact you to remind you to report your income, but it’s important to understand that the ISA contract obligates you to self-report your income, job status, and submit your tax returns for an income reconciliation. These are serious requests, and we don’t make them lightly. We offer the opportunity to study at Lambda School to thousands of students for no money upfront. To make that work we need to ensure that payments are made correctly and fairly on our students’ ISAs.