People saying Lambda School’s model is the same as loans in Britain. Britain: Payments once making over £25k, 3-7% interest, forgiven after 30 years, taxpayers pay school if default. Lambda: Payments once making £ 38k, no interest, forgiven at 5 yrs, school makes $0 if default
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Replying to @AustenAllred
In raw $$ is the return/repayment similar? Obviously Lamba is better terms, but practically speaking someone making $50-70K what’s the difference?
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Replying to @guyfriedman
A degree in the UK will cost $50k + interest. The maximum Lambda gets paid (if you’re making $85k+) is $30k total. If you get a job making $50k you only pay Lambda $17k.
11:10 AM - 7 Oct 2018
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