Brilliant. Here the institution has skin in the game. In the current educational-industrial complex, there are no consequences for graduating failures.
From TechCrunch:
The Lambda School currently offers students a six-month intensive course in computer science, with all its lectures and classes delivered online but live and interactive (rather than pre-recorded and self-paced) — for which they’re asking students to pay as little as nothing up front.
If students choose to pay nothing up front, payment comes later — but only once they have a job earning more than $50,000. Then they pay 17 per cent of their income for two years (up to a maximum of $30k).
Lambda School on Twitter
What Lambda School is all about in 60 seconds. What are you waiting for? https://t.co/eQDXBtkKZj