t0mmycollison
Joined 7 years ago
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Member since
Mar 12
Joined 7 years ago
Two big differences: - A loan, generally, is something you have to pay back. If you don't get a job making over $50,000, you don't pay Lambda a cent. - Loans generally have interest, which Lambda ISA payments don't.
2. You pay nothing between when you finish the technical portion of the class and when you get a job, and after you start your job, there's a 30-day grace period.
2. The payments stop if you stop working. You can think of them as being 24 monthly repayments that will pause if you lose your job.
3. It does, but only after they finish the technical portion of the class, and they're using the skills they learned. We do look at things on a case-by-case basis.
4. Nope! We don't care about your credit score or your debt load. Things get tricky if you have a fraud conviction, but anything short of that won't impact our decision.
Hope this helps!