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Yes, that covers the price of tuition and repayment of the $18,000 Lambda School gives out in stipends, as well as cost of capital and risk (you only pay back i
by austenallred 8y ago
Yes, that covers the price of tuition and repayment of the $18,000 Lambda School gives out in stipends, as well as cost of capital and risk (you only pay back if you’re making more than $50k/yr, otherwise you pay $0).
- tylerhou 8y agoIf I make $50,001, would I have to pay back the full 10%? Or is there some sort of gradient?
- austenallred 8y agoYes, you’d pay $5k/yr. In fact you might just want to ask for a raise to $55k and be net ahead because that’s not a great software engineering salary.
- laurencerowe 8y agoBeing net ahead at $55K suggests the repayment is tax deductible. Is that the case?
- austenallred 8y agoNo, that’s an oversimplification on my part to not complicate things, you’re right it would need to net higher.