Debt-Free Computer Science Degree at Lambda School

By Will Geiger

Will Geiger is the co-founder of Scholarships360 and has a decade of experience in college admissions and financial aid. He is a former Senior Assistant Director of Admissions at Kenyon College where he personally reviewed 10,000 admissions applications and essays. Will also managed the Kenyon College merit scholarship program and served on the financial aid appeals committee. He has also worked as an Associate Director of College Counseling at a high school in New Haven, Connecticut. Will earned his master’s in education from the University of Pennsylvania and received his undergraduate degree in history from Wake Forest University. Full Bio

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Updated: August 7th, 2021

Are you considering a major in computer science or something related to technology?

What if I told you that you could pursue a high quality program that would prepare you to be a software engineer with no up-front cost. Lambda School provides just that for students, a debt-free computer science degree!

Lambda School is a new start-up college alternative that was founded in Silicon Valley. The classes are completely online, so anyone with an internet connection can take classes. Instead of tuition, Lambda School offers an Income-Sharing Agreement option (it should be noted that students also have the option of paying $20,000 in tuition with no post-graduation tuition obligation).

Learn more: Are coding bootcamps worth it?

What is the ISA (Income-Sharing Agreement) all about?

Once students have a job and are earning at least $50,000 per year, they pay back 17% of their income for two years. The amount of tuition that you could possibly pay is capped at $30,000, so even if you make a lot more money, you won’t have to pay back more than $30k. This also means that Lambda School has a vested interest in helping you get a job after graduation!

Also see: Computer science major overview

What can I study at Lambda School?

• Full-Stack Web & Computer Science
• Data Science
• iOS Development & Computer Science
• Android Development & Computer Science
• UX Design

How to apply?

Students can apply online and will receive an admissions decision in 4-5 business days.

Interested students can also audit Lambda courses for a day to get a better sense of the curriculum.

Bottom Line

For a motivated student who is passionate about computer science and programming, this can be a stellar option. In a little over half a year, you will be ready to apply for high paying jobs in technology. You should not discount the ability to graduate from a strong academic program debt-free. Lambda represents the future of higher education and financial aid. Expect to see Income-Sharing Agreements more often going forward.

Also read: All about the Google Certificate Program