Most of our students are in rural areas where $50k is actually really good money (though this is changing). There’s not really an existing legal framework to say “if you make x in this kind of city or y in this kind of city.”

Certainly, in San Francisco, $50k isn’t a win. Luckily our median salary there is well into the six figures.

Lambda School’s income share agreement is also (to my knowledge) the only in the industry that is industry-specific. If you end up as a bartender making $60k we make $0.

Most 3 month schools are 15% for 3 yrs with a $40k min. Lambda School is 9 months, 17% for 2 yrs with a $50k min and a cap.

So our agreement is actually very aggressive as is, and will become more aggressive over time.