We’re going to try another experiment. We’re going to pay 10 people $1,000/month ($7,000 total) to attend Lambda School’s 7 month iOS + CS program. After you graduate you’ll pay 10% of salary for 4 years, only if you’re making $50k+, capped at $40k total.
Hmm you might want to include the free money you get in the “cost”
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Ok. 33k, now that's a deal :)
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How much do you make right now? Would you pay $8k/yr for 4 years to increase that to $100k+?
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I get what you do, the concept is great. but you are charging usury prices for your in-house student loans. You are a buy here / pay here school
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It’s not a loan.
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Agreed
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It’s us betting that we can get you a good job. If we get you a job that pays $100k+ we’ll make up to $33k minus our cost. If we don’t we pay you $7k and we get nothing.
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If it works for you, good for you! And good for the students. 10% of a 50k salary is a very big chunk, and might cause a downward debt spiral to students that take that deal. You should consider a lower fee, lower payback / salary ratio and will probably make more money that way
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It’s $333/month. If that breaks you when you’re making $50k you have other issues.
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