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No loans, no debt, and you won't pay any tuition until you have a job making at least $50k/year.
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.
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.
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.
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.
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.
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.
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.
Our current Lambda School admissions team will be handling these stipend applications
This is a limited and selective pilot program and to launch we will be looking for our first 50 recipients.
Yes, stay tuned for more details.
Still have a question, please contact [email protected]