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.
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.
Lambda School students don't pay anything up-front. Instead they pay for Lambda School using an income share agreement, or ISA.
Under an ISA you agree to pay 17% of your post-Lambda School salary for 24 months, only when you're making more than $50k per year (or the equivalent of $4,166.66 per month). The income share agreement is also capped at a maximum repayment of $30k, so you'll never pay more than $30k 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.
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 $30k.
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.
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, and even help you in salary negotiation. At the end of the day though, you're the one who needs to apply, interview, and land the job.
The income share agreement has no interest. It's a flat percentage that goes away when it's paid off.
You'll pay a percentage of your gross salary (before taxes).
Recommended operating systems (in descending order): macOS, Windows 10, Ubuntu
Other versions of Windows work but students should anticipate occasional environment issues. Chromebooks are not supported, as coursework involves installing and running software locally.
Lambda School students don't pay upfront tuition.
Instead, they pay for Lambda School using an Income Share Agreement, or ISA.
Under our ISA you agree to pay 17% of your post-Lambda School income with 24 monthly payments, but only when you're making more than $4,166 per month (that is, $50k per year). For example, if you get a job paying $60,000/year, you’re earning $5,000 per month. 17% of $5,000 is $850, so you pay $850 that month for your ISA.
You make 17% payments on your income every month until you’ve made 24 monthly payments, that is for 2 years worth of payments.
If your income ever drops below $4,166 per month you don’t make a payment that month.
Our ISA is also capped at a maximum of $30k. You'll never pay more than $30k under any circumstances.
You have 5 years after your last day at Lambda School to complete the 24 monthly payments. If 5 years go by, and you haven’t made enough money to trigger 24 monthly payments, the ISA is cancelled.
Your ISA payments are based on your income so it depends:
ISAs are not a loan so they have no interest.
The 17% is a percentage of your gross income, i.e. before taxes.
Your ISA goes into effect on your last day at Lambda School. It lasts up to 5 years from that date. You don’t pay a penny until you’re earning $50,000 a year (that’s $4,166 a month).
We partner with Leif, a company that handles all of the collecting, reporting, and other administration related to our ISAs.
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 and job status.
If you’re accepted into Lambda School, you’ll go through a signup process with Leif. They connect your bank account and you give them access to view your tax returns for the duration of the ISA.
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. We need to ensure that payments are made correctly on our students’ ISAs.
Leif may ask to verify your income with your IRS tax return but we’re only interested in your individual income. If you can provide documentation of your spouse’s income, it won’t be included.
The ISA contract specifically says this:
”Earned Income" includes all income reported on a joint income tax return, minus, to the extent documented to our satisfaction, any income earned solely by your spouse.
Leif handles all of this on their site where you create your account. You sign up with Leif as soon as you’re admitted into Lambda School.
You’ll report your income and your job status through your account on their site. They also provide customer support to answer more detailed questions.
Leif supports thousands of banks. You can see the full list here.
If you don’t have a bank account we recommend you open one with Charles Schwab or Ally.
Whatever bank account you use to receive your income is the account you must connect to Leif.
Yes. Lambda School is for people who want to get a job in the technology industry.
We offer an integrated program called Lambda Next to help you do just that. Read more about it here.
That said, getting a job is a lot of work and you have to do that work yourself. We have hiring partners and provide a full team dedicated to help you land a job but we can’t learn the material for you and we can’t apply to jobs for you either.
We offer a refund policy for people who leave Lambda School:
The 5-year life of your ISA starts on your last day in class.
Yes. Tuition for our courses is $20,000. On the admissions application there’s a box to check to tell us you’d like to pay upfront, instead of signing an ISA.
We accept students from all around the world. To sign an ISA, you do need to be a US citizen or US Permanent Resident. Currently international students are required to pay up front.
If you’re not a US citizen you can still attend Lambda School by paying tuition.
All courses are taught on Pacific time so it's important to think about how you will adjust according to your time zone.
You’re welcome to pay tuition in lieu of your ISA at any point before graduation. Contact our finance team in Slack once you’re enrolled an in class. They’ll help you take care of this.
When you sign your ISA, we are the owner.
After a student graduates, based on their credit score and other factors, we will sometimes sell their ISA to Leif, our ISA partner.
No. The ISA begins on your last day of school. (To be clear: the life of the ISA is 5 years, meaning we have 5 years to collect payment. But once you’ve made 24 monthly payments the ISA is complete.)
No. Our ISA requires that you sign no other ISAs. (Also we want to make sure you get a job, not go on to more school.)
Once either your ISA is paid off or the 5-year ISA term has ended you can sign another organization’s ISA
Payments are collected on the 1st of the month, and Leif gives a 28-day starting grace period to Lambda Students.
For example, if you start a job on August 15th, the 28-day grace period would bump you past the September 1st payment. Your 1st payment would then be the next month, October 1st.
You’ll find the upcoming start dates for each course on our application page: https://lambdaschool.com/apply/
We offer part time courses for some of our tracks. Part-time course hours are Monday-Thursday 6 p.m. to 9 p.m., Saturday 9 a.m. to 12 noon Pacific.
Live instruction and real time interaction with classmates is an integral part of learning at Lambda School. Students must attend 95% of course hours.
Missing class isn’t an option.
If all looks well with your application you should receive an email from our admissions team within 4-5 business days.
Make sure to check your spam folder as often our first email finds its way there!
After we've run a few iterations of the full time course, we may decide to offer a part time track depending on the level of interest. Be sure to check back on our application page.
Intro course videos are posted to our YouTube channel.
Our Prep Slack is the best place to find information, guidance, and support for all things related to the intro courses. Ask your question there and an instructor, PM, or fellow classmate will help you out.