We’re working with regulators around how/to what extent a risk-free (for students) and deferred payment tuition model can be accomplished there. More to come soon.
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More big news to come this week. Stay tuned.
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This won’t be the only country we launch in 2019. The hard part is a regulatory framework that lets you not pay unless you’re over a certain level of income and income verification. Regulators/government: if your country can support this, please email me. austen@lambdaschool.com
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You have to admit, it’s not hard for articles about Lambda School to open with a hell of a hookpic.twitter.com/fOiv7Iitw8
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@dannyfortson is a fantastic writerShow this thread
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I think you should strongly consider Canada as well. A program like yours could really help a lot of people.
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We’d be in Canada today if there were a regulatory framework for income share agreements
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Do it like a temp agency?
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I’m happy to, employers generally less so
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How about repayment on an honour system? Canada might be one of the more likely places that would work.
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I feel like there is some kind of contract you can write up. Just say repayment starts like 1 or 2 years after school ends. Because regardless of the job a student gets after your school they will be making enough to repay.
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The numbers don’t make sense in Canada- our traditional tech education paths are dirt cheap compared to the US, and our salaries aren’t high enough either. You wouldn’t pay anything back until you were making $64k CAD.
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If you make that $64k though, you’ll be paying $1174.77/month ($907USD), mostly tax free (interest isn’t deductible in Canada, unlike the states). Times 24 and $21768 USD ($28193 CAD, or more than NSCC/>half a CS degree). Fixed student loan rate is 8.5%.
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Are you hiring in the UK? I'd be interested :)
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We will be. Mainly instructors.
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Cool. Hopefully a local GM too?
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My wife would love to sign up to this. We’re long time fans. How does she find out more and eventually signup?
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Congrats Austen. I’m London based and have been following Lambda School and am super impressed. DM if you want any help launching here.
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Looking forward to promoting this
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