Feb. 9, 2021
157: Study now, pay later - Austen Allred, CEO and co-founder Lambda School
We are joined by the co-founder and CEO of Lambda School, Austen Allred. Austen saw a problem that no one else was willing to fix, and decided to do something about it. He has some exciting solutions in the education space and we look into the past, present and future of education.
Austen Allred
CEO Austen Allred was inspired to co-found Lambda School after spotting the major disconnect between a labor market in need of specialized talent, and the inaccessibility of training programs designed to fill that gap. His solution is a fully remote tech school with Income Share Agreements; rather than pay the Lambda School for training upfront, students pay a portion of their income after they've graduated and secured a job.
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.
Austen’s disruptive ideas on the future of education, the labor market disconnect, and the opportunity of providing opportunity at-scale have been featured in: The Harvard Business Review, The Economist, WIRED, Fast Company, TechCrunch, The New York Times, among others.
Connect with Austen on LinkedIn (https://www.linkedin.com/in/austenallred/)
Twitter (https://twitter.com/Austen)
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