Income Share Agreement

This calculator will show how ISA monthly payments work based on different possible annual incomes you may have. For more information on the Lambda School ISA please see our FAQs.

Income Share Percentage This is the percentage of your gross income you will share after completing the Program.

17.00%

Required Payments You are only required to make monthly payments when earning more than the Minimum Income.

24 Monthly Payments

Payment Cap This is the maximum amount you might ever need to pay, assuming a high earning career. If you hit the Payment Cap, your ISA will terminate early.

$30,000

Minimum Income This is the minimum amount you need to earn (i.e., the floor), before you are required to make any payments. Whenever your income drops beneath the floor, your monthly payment will be zero ($0.00).

$50,000

Potential Annual Salary

$70,000

Estimated Payment

$0.00
$0
$130,000

Monthly Income: / month

Monthly Payment: $0.00 / month

Total 0 monthly payments

Since you potentially make less than $50,000 a year, your monthly payments are automatically suspended.
Since your potential earning is high, you might be able to pay off your agreement sooner than 24 months.

Lambda School ISA Notes

  • Payments are due when you have a qualified job making at least $50,000 annually in gross earned income.
  • Payments are in the amount of 17% of gross earned income, monthly.
  • You will have an obligation to report your earned income.
  • Total payments could be up to $30,000, and that is the ISA amount.

This is an explainer only. You’ll see the contract at the next page.