Lambda School Lets Students Pay With Job Income Instead Of Tuition

To counter the growing cost of higher education and rising student debt, Lambda School is one of several new tech schools testing an income-sharing model that allows students to pay for school over time once they get paying jobs.

Perhaps the smartest part of their model is that they typically get roughly three times the usual student loan repayment per month once students find a job, which means those students can pay back the tuition faster and remain in debt for less time.

Put education within reach, teach practical skills, and help students get out of debt faster. It's a good and fair student-focused model, and the world of higher education today could certainly use more of those.