Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Lambda School
#1
What do you think about income-sharing programs? Some of their contracts verge on being predatory, but Lambda School seems a little better. They offer online coding bootcamps that last 6+ months. You have two options. You can either pay $20k upfront or 17% of your annual salary for two years after landing a job that pays at least $50k. The max you'll pay is $30k in total. If you choose not to pay upfront and never get a job that pays more than $50k per year, then you don't pay anything. 

I'm iffy about this one. Seventeen percent of a paycheck is a lot, and $30k is a lot for a program that is only 6-8 months. I'm also not sure if spending $30k just to make $50k is a good investment. One can get a whole bachelor's degree for that amount. I'm sure they have some graduates making more than $75k, but it's a risk. Also, one review I read said that you can't work full-time while in the program. 

https://lambdaschool.com/about/
PhD (in progress)
Masters and Graduate Certificate
AAS, AS, BA, and BS
CLEP
Intro Psych 70, US His I 64, Intro Soc 63, Intro Edu Psych 70, A&I Lit 64, Bio 68, Prin Man 69, Prin Mar 68
DSST
Life Dev Psych 62, Fund Coun 68, Intro Comp 469, Intro Astr 56, Env & Hum 70, HTYH 456, MIS 451, Prin Sup 453, HRM 62, Bus Eth 458
ALEKS
Int Alg, Coll Alg
TEEX
4 credits
TECEP
Fed Inc Tax, Sci of Nutr, Micro, Strat Man, Med Term, Pub Relations
CSU
Sys Analysis & Design, Programming, Cyber
SL
Intro to Comm, Microbio, Acc I
Uexcel
A&P
Davar
Macro, Intro to Fin, Man Acc
Reply
#2
I saw some other program like this, and I believe they did a lot to help graduates afterwards. If they help with job placement, it makes more sense to me. However, I think that the one I saw was a little pushy in that you agreed to do the interviews they set up. I may have multiple programs mixed up.

If you attend part-time, Lamba takes 54 weeks. It seems like they cover a lot.
Working on TESU BA CompSci/English, but may not graduate until Sept, Dec, or later.
TESU BSBA (with ASNSM) in March 2018.
First Masters complete. Slowly working on a second Masters but may start a different program.
Reply
#3
I'm not a fan of income sharing - and it sounds a bit onerous here. Let's say you get a job making $50k. 15% of that is $8,500 per year for 2 years (so $17k total). Sounds ok - except that $700/mo may be a lot of money if you're making $50k and paying roughly 25% in taxes, so $37,500 a year for the first 2 years. It works out to be about 22% of your net pay for 2 years. Yikes, that's a lot. It might not leave enough to pay rent and buy food and electricity and gas for a couple of years.
TESU BSBA in HR, 2018
WVNCC BOG AAS,
 2017
GGU Cert in Management, 2000

EXAMS: TECEP Tech Writg, Engl Comp 2, LA Math, Public Rel, Computers  DSST Computers, Pers Fin  CLEP Mgmt, Mktg
COURSES: TESU Capstone  Study.com Pers Fin, Microecon, Stats  Ed4Credit Acct 2  PF Fin Mgmt  ALEKS Int Alg, Coll Alg  Sophia Proj Mgmt The Institutes - Ins Ethics  Kaplan PLA
B&M COURSESPalomar CollMission Coll, Golden Gate Univ, San Jose State Univ
Reply
#4
I've looked into a lot of the coding boot camps and they are mostly all WAY overpriced. I have no doubt that they offer quality education and training, but there's no way someone should pay $15k+ for a 3-9 month program that isn't even accredited or regulated. Sure they offer help with job placement, but there's no way in hell I'd pay such a premium price for that! Once you have the skills/training/credentials that are in demand, networking and finding work isn't that hard when you consider LinkedIn, free job placement services, and recruiting firms that are paid to find YOU(this is all dependant on location and economic factors at that given time and location).

Some alternatives to paying exorbitant amounts of money:

-Cheaper courses at a community college or university.

-The plethora of MOOCs from edx, Udacity, Coursera, udemy, etc. Some of those programs are actually created by the industry to help them hire qualified people.

App Academy, which has a very good reputation among coding schools offers their entire curriculum online for free: https://open.appacademy.io/#mentorship

The coding school that I've had my eye on as being a good value is Bottega because their part-time remote program costs $7500 and has accreditation, ACE recommendation and a pathway to a full bachelor's degree with some partner schools.
https://bottega.tech

The concept of income sharing could be good if the price was reasonable, though.
TESU BS NEET (in progress)
B&M(22cr): Anat/Phys 1/2 +Labs, Eng Comp 1, Sust. Cities, Orientation Courses, Intro Hlth+Well, Functional Anat/Kin
TESU(4cr): Chem 1 Lab, DC circuits
JST/TESU Eval of NAVY Training: 85/99cr
The Institutes, TEEX, NFA(9cr): Ethics, Cyber 101/201/301, Safety
Sophia(2cr): Dev Eff Teams, Fdn College Alg, Fdn Stats, Ess Mng Conflict, Fdn English comp
Study.com(22cr): Eng 105, Fin 102, His 108, Lib Sci 101, Math 104, Stat 101
CLEP(9cr): Intro Sociology 63 Intro Psych 61 US GOV 71
OD(6cr): Robotics, Cyber
CSM(3cr)
Reply
#5
I often tell people that there are free and low-cost learning resources that aid self-teaching, but I think a lot of people struggle without structure and instructional guidance. For those interested in web development, I know that Free Code Camp offers a structured program. It does not have human instruction, but it does have a forum where fellow students ask and answer questions.

I think some of the first income-sharing programs were alternative teacher certification programs. You pay a few hundred dollars upfront, and you pay less than $5,000 in monthly installments after you start teaching. That seems a lot more doable than trying to pay down $30k in two years.
PhD (in progress)
Masters and Graduate Certificate
AAS, AS, BA, and BS
CLEP
Intro Psych 70, US His I 64, Intro Soc 63, Intro Edu Psych 70, A&I Lit 64, Bio 68, Prin Man 69, Prin Mar 68
DSST
Life Dev Psych 62, Fund Coun 68, Intro Comp 469, Intro Astr 56, Env & Hum 70, HTYH 456, MIS 451, Prin Sup 453, HRM 62, Bus Eth 458
ALEKS
Int Alg, Coll Alg
TEEX
4 credits
TECEP
Fed Inc Tax, Sci of Nutr, Micro, Strat Man, Med Term, Pub Relations
CSU
Sys Analysis & Design, Programming, Cyber
SL
Intro to Comm, Microbio, Acc I
Uexcel
A&P
Davar
Macro, Intro to Fin, Man Acc
[-] The following 1 user Likes sanantone's post:
  • Ideas
Reply
#6
(01-13-2019, 08:06 PM)sanantone Wrote: I think some of the first income-sharing programs were alternative teacher certification programs. You pay a few hundred dollars upfront, and you pay less than $5,000 in monthly installments after you start teaching. That seems a lot more doable than trying to pay down $30k in two years.

$5000 over 2-3 years is somewhere between $138-$208/mo - totally doable).  $20,000 over 2 years is $833/mo - a LOT of money.  That's a mortgage payment for a lot of people.
TESU BSBA in HR, 2018
WVNCC BOG AAS,
 2017
GGU Cert in Management, 2000

EXAMS: TECEP Tech Writg, Engl Comp 2, LA Math, Public Rel, Computers  DSST Computers, Pers Fin  CLEP Mgmt, Mktg
COURSES: TESU Capstone  Study.com Pers Fin, Microecon, Stats  Ed4Credit Acct 2  PF Fin Mgmt  ALEKS Int Alg, Coll Alg  Sophia Proj Mgmt The Institutes - Ins Ethics  Kaplan PLA
B&M COURSESPalomar CollMission Coll, Golden Gate Univ, San Jose State Univ
[-] The following 1 user Likes dfrecore's post:
  • Sapientes
Reply


Possibly Related Threads...
Thread Author Replies Views Last Post
  Physician Assistant School Jesusfreak97 0 51 01-08-2019, 06:24 PM
Last Post: Jesusfreak97
  T.M. Landry Prep School Engaged in Abuse and Fraud sanantone 13 312 12-09-2018, 12:49 PM
Last Post: cookderosa
  Personality types and those who go back to school Ideas 25 974 06-18-2018, 06:18 AM
Last Post: Life_One
  Seemed like a good deal, Name Brand assoc. School low tuition Unv. of Ark. but not frank.f.franky 9 874 06-17-2018, 03:39 PM
Last Post: elbebopkid
  This site now looks like an old school BBS on my computer. ELSADDIQ 6 1,156 08-03-2017, 08:10 PM
Last Post: dfrecore
  Online High School Internships keepsingin 3 661 07-03-2017, 06:48 AM
Last Post: cookderosa
  Found: $1,500 (TOTAL) At-own-pace Law School dcan 29 1,162 01-06-2017, 10:27 PM
Last Post: KayV
  Grad School Virtual Fair + Job Virtual Fair yb1 0 296 10-11-2016, 05:25 PM
Last Post: yb1
  Finished Beauty School! Onto Bachelor's Degree! sweetcrabhoney 5 522 10-04-2016, 09:07 AM
Last Post: KayV
  What's more telling? School or Degree Program....From the other forum rebel100 7 522 03-02-2016, 01:30 PM
Last Post: rebel100

Forum Jump:


Users browsing this thread: 1 Guest(s)