Austen Allred: The Future of Education
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September 13, 2018
My guest today is Austen Allred, the founder of Lambda School — a revolutionary new school. Here’s how it works: Lambda School trains people to be software engineers at no up-front cost. Instead of paying tuition, students agree to pay a percentage of their income after they’re employed, and only if they’re making more than $50k per year. If you don’t find a job, or don’t reach that level of income, you’ll never pay a cent. So, how does tuition work? There are no up-front costs for Lambda School; they only get paid when students do. Once you’re earning at least $50k per year they’ll pay back 17% of your income for the first two years, and total tuition is capped at $30,000. In an age where continuous learning is essential and student debt has skyrocketed, I’m struck by this model. Information is everywhere but learning is still difficult. Online, it can be hard to push through the difficult moments that get you over the hump or find others to share the journey with. Austen has some exciting solutions and we…