Frequently Asked Questions
Where is Lambda School located?
Lambda School is located in Silicon Valley, California, however all of our classes take place entirely online. Various cities have local meetups and gatherings. Students do not work out of our offices.
The course hours don't work for me. Can I attend on my own time?
No. The most important aspects of Lambda School happen in small, interactive groups, and require full attendance for all hours of the class. Although we do record and archive all of our lectures, the lectures alone are not what makes Lambda School great.
Lambda School does have some part-time programs that may work better for those that have jobs or are working.
I'm not a US Citizen. Can I still attend Lambda School?
Yes, however because we cannot verify your income and do not understand your job market, non-US Citizens are not eligible to attend Lambda School on a full income share agreement. You must pay at least 50% of tuition upfront.
What if I can't pay for Lambda School upfront?
Most Lambda School students actually don't pay anything upfront. Instead they'll opt to pay for Lambda School using an income share agreement or ISA.
Under a full ISA you agree to pay 17% of your post-Lambda School salary for 24 months, only when you're making more than $50,000 per year ($4,166.66 per month). The income share agreement is also capped at a maximum repayment of $30,000, so you'll never pay more than $30,000 under any circumstances.
This is our way of investing in you. We select students we believe will be successful, and cover the costs of your education until you're in a financial position to pay us back.
If I choose the $0 upfront model, how much will I pay total?
It depends. The ISA is tied to your income, so how much you pay will vary based on how much you're earning. Like many investors, Lambda School takes a portfolio approach, knowing that some students will pay more for their education and others will pay less. This investment approach is how we can make the program financially accessible to everyone. Because the ISA is capped, the maximum anyone could possibly pay is $30,000.
How do you verify my income? Do I have to take the first job I'm offered?
As a part of the income share agreement process we'll receive access to view your income taxes, which we use to verify your income. We don't control where you work. If you file jointly with a spouse or have other income (such as from investments, inheritance, etc.), we don't include those as your earned income.
Does Lambda School help me get a job?
We do everything we possibly can! We have a full team dedicated to career development. They help you prepare a resume and portfolio, practice interviews, even help you in salary negotiation. At the end of the day, you'll need to apply, interview, and land the job,
What are the interest rates for the income share agreement?
The income share agreement has no interest. It's a flat percentage that goes away when it's paid off.
Is the income on an income share agreement calculated before or after taxes?
You'll pay a percentage of your gross salary (before taxes).