Living Stipend Pilot Program

Eligible applicants will receive a monthly stipend of $2,000 for 9 months ($18,000 total), while attending Lambda School.

Stipend contingent upon attendance and performance.

Fill out an application to join the waiting list.

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Financial support

Students who are selected for the Lambda School Living Stipend Pilot Program will receive $18,000 USD in monthly payments of $2,000 to cover the nine month program.

Upon completion of the program, students will pay 10% of their salary for a five year period once they're making at least $50,000 per year. The max possible payment is capped at $50,000.

Currently only students living in and eligible to work in the United States are eligible to apply for the living stipend.

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Frequently Asked Questions

What is the Lambda Living Stipend Pilot Program?

Lambda School will be offering both current and prospective students the opportunity to apply for a total of 18K USD in financing to support their living expenses while they are enrolled as full time Lambda School students.

Why is Lambda School trying to launch this?

Our goal at Lambda School is to help our students really succeed to the best of their ability and to remove the barriers that are currently preventing more people from being able to access a high tech education - and the career, financial, impact and other benefits that come with it.

We know that one of the hardest parts of deciding to go back to school is figuring out how to make it work without a full time salary.

By launching this Living Stipend Pilot Program, we are looking at how we can create more products and innovative ways to help support our current students - and to expand who can become a Lambda School student.

How will it operate?

Students who are selected will receive 18K USD paid in nine monthly payments of $2000 USD for the duration of the full time nine month program.

To continue to receive the stipend students have to maintain full time status and the 100% sprint pass rate expected from all Lambda School students - regardless of whether they are receiving a living stipend.

Who can apply for the stipend?

This program is open to current and prospective full-time Lambda School students who are living in and authorized to work in the United States.

Do students then pay back the money?

Yes, this is a stipend and not a scholarship.

Upon completion of the nine month program students will be required to pay 10% of their salary for 5 years.

But how does this work with my education ISA?

The Lambda School tuition Income Share Agreement has students on a repayment plan of 17% for two years with a payment cap of $30,000.

For students who receive the living stipend as well, this becomes 10% of their salary for five years and replaces the model above. The payment cap is also increased to $50,000.

What are the selection criteria?

We will not be looking at student financials or credit scores.

Instead the applications will be screened using the following questions:

Why do you need this living stipend to be successful as a Lambda School student?

Tell us a bit about the unique part of your story that will make you a valuable addition to both the Lambda and tech community?

Give examples of your grit and leadership qualities that show you can grow and thrive in this new job field.

Who will be selecting the recipients?

Our current Lambda School admissions team will be handling these stipend applications

How many students will receive the stipend?

This is a limited and selective pilot program and to launch we will be looking for our first 50 recipients.

Do recipients have to account for how they spend the money?


Will Lambda School be expanding this program, and if so, when?

Yes, stay tuned for more details.

Still have a question, please contact [email protected]