Software Alternatives, Accelerators & Startups

CollegeBacker VS Lambda School

Compare CollegeBacker VS Lambda School and see what are their differences

Note: These products don't have any matching categories. If you think this is a mistake, please edit the details of one of the products and suggest appropriate categories.

CollegeBacker logo CollegeBacker

Crowdfund a tax-free college savings account

Lambda School logo Lambda School

A full Computer Science education - free until you get a job
  • CollegeBacker Landing page
    Landing page //
    2023-07-16
  • Lambda School Landing page
    Landing page //
    2023-05-08

Lambda School

Pricing URL
-
Release Date
2017 January
Startup details
Country
United States
State
California
Founder(s)
Austen Allred
Employees
100 - 249

CollegeBacker features and specs

  • Ease of Use
    CollegeBacker's platform is user-friendly, making it easy for users to set up and manage 529 college savings plans quickly and efficiently.
  • Social Gifting Feature
    CollegeBacker allows family and friends to contribute to a childโ€™s college fund, providing a convenient way to receive gifts towards education plans.
  • Low Account Minimums
    The platform does not require high minimum balances to open or maintain an account, making it accessible to a wide range of users.
  • Automated Contributions
    Users can set up automated contributions, ensuring consistent funding is directed towards their savings goal.
  • Investment Options
    CollegeBacker offers a variety of investment options, allowing users to choose plans that best fit their financial strategy and risk tolerance.

Possible disadvantages of CollegeBacker

  • Fees
    While some services are free, certain features may incur fees, which can add up over time and affect overall savings.
  • Limited to 529 Plans
    CollegeBacker is designed specifically for 529 college savings plans, which means those looking for other types of investment accounts will need to look elsewhere.
  • Market Risk
    As with any investment in the market, the funds in a 529 plan are subject to market risk, including the potential loss of principal.
  • State-Specific Plans
    529 plans often have state-specific tax benefits, which might not be optimized through the CollegeBacker platform if users are not aware of their stateโ€™s specific offerings.
  • Limited Control Over Investments
    Users may have limited control over the specific investments within their selected 529 plan, compared to other investment vehicles.

Lambda School features and specs

  • Income Share Agreement
    Lambda School offers an Income Share Agreement (ISA), allowing students to defer tuition payments until they secure a job making at least $50,000 per year. This reduces upfront financial risk for students.
  • Remote Learning
    The program is entirely online, providing flexibility for students to learn from anywhere in the world.
  • Comprehensive Curriculum
    Lambda School offers a comprehensive curriculum that covers a wide range of in-demand tech skills, including web development, data science, and machine learning.
  • Career Services
    The school provides extensive career services, including job placement support, resume reviews, and interview preparation to help students secure employment after graduation.
  • No Upfront Cost
    Students can enroll without any upfront cost, making the program accessible to those who may not have the financial means to pay for a traditional coding boot camp.

Possible disadvantages of Lambda School

  • High Deferred Cost
    Although there are no upfront costs, the total cost of the ISA can be high, potentially up to $30,000, which is more expensive than some other coding boot camps.
  • Intensive Time Commitment
    The program is very intensive and requires full-time dedication, which can be challenging for individuals who need to balance other responsibilities such as work or family.
  • Variable Job Market
    Job placement success can vary significantly. While many students do find jobs, some may struggle, particularly in a competitive job market.
  • Risk of Debt
    If a student does not secure a high-paying job immediately, the deferred tuition can become a financial burden, particularly if the student is unable to make the minimum required salary.
  • Limited Financial Assistance
    Since the program relies heavily on ISAs, there may be limited options for students seeking traditional financial assistance or loans.

CollegeBacker videos

FinovateSpring 2019 / CollegeBacker

More videos:

  • Review - CollegeBacker on The Balancing Act: Choosing the Right College Savings Plan for Peace of Mind
  • Review - Conversion opportunities for CollegeBacker

Lambda School videos

Lambda School Coding Bootcamp Worth The Money or SCAM

More videos:

  • Review - Lambda School: The Good, The Bad, and The Ugly
  • Review - Was Lambda School Worth It? His Life has TOTALLY changed | #grindreel #lambdaschool

Category Popularity

0-100% (relative to CollegeBacker and Lambda School)
Tech
100 100%
0% 0
Education
21 21%
79% 79
Web App
100 100%
0% 0
Online Learning
0 0%
100% 100

User comments

Share your experience with using CollegeBacker and Lambda School. For example, how are they different and which one is better?
Log in or Post with

Social recommendations and mentions

Based on our record, Lambda School should be more popular than CollegeBacker. It has been mentiond 19 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

CollegeBacker mentions (2)

  • No one likes my registry
    Iโ€™ve heard great things about this website, too! Makes it easy for family and friends to contribute. https://backer.com/. Source: almost 4 years ago
  • Financial moves for wife who wants to later become stay at home mom
    - If you want to pay for college for kids, you can start a 529 plan BEFORE they are born (put it in your name, transfer it to them). Check out companies like backer (https://backer.com/) - family and friends can contribute to these 529 plans... Especially if you take the advice above re: free and for sale / buy nothing groups, you can tell your family / friends you rather they contribute to your kids' college (and... Source: about 5 years ago

Lambda School mentions (19)

  • Switching careers
    Https://lambdaschool.com/ - a remote-first bootcamp that has a unique way of paying. No upfront cost, but they take a % of your salary when you get a job for the first two years until you pay their full cost. Worth reading up on some of the criticism of them before signing up, though. Source: almost 5 years ago
  • LF a Certification Program
    Https://lambdaschool.com/ (these guys offer a free intro, might be good to test out and see if their style is to your liking.). Source: almost 5 years ago
  • Advice for a nurse that wants to become a programmer
    While you don't need a boot camp, I highly recommend Lambda School (https://lambdaschool.com). They charge nothing upfront and you only pay them back (17% up to $30k) when you get a high paying job. They have great partnerships with employers and help place students so that's the biggest reason I recommend them. Source: almost 5 years ago
  • Been really poor, homeless, now Iโ€™m in college and have managed to save up 3000. I want to turn this money into more money. What would you do?
    Have you considered https://lambdaschool.com/? You don't pay for tuition upfront, and they place you with a paid internship after, and if you get a job you start paying a small part of your salary to them for two years. Source: almost 5 years ago
  • Late 20โ€™s, no education, some savings, should I work full time and save a bit more or start school?
    Would you consider going through a school with an Income Share Agreement where you pay no tuition up front but pay it as part of your well paying job later? Eg https://lambdaschool.com. Source: almost 5 years ago
View more

What are some alternatives?

When comparing CollegeBacker and Lambda School, you can also consider the following products

Student Loan Hero - The smartest way to pay off student loans

TripleTen - TripleTen: online part-time coding bootcamps.

WeFinance - Crowdfunded student loans

Hack Club - Free and open source high school coding clubs ๐Ÿ‘Š๐Ÿ’ฅ

Mockuuups Studio - Fast and easy way to create product mockups on macOS, Windows and Linux.

Holberton School - High-quality software engineering education for the many