On: Lambda School is the biggest mistake I made this y...

[mhaymo]

Different in important ways. There is no risk of ruin from an ISA: if you aren't earning you don't have to pay.

The idea is also that this aligns the school's incentives with the student's: if the student doesn't prosper, the school doesn't get paid.

[sarchertech → mhaymo]

Public student loans (90%+ of loan disbursements) work like this as well.

The max you will have to pay is 10% of your discretionary income (10% of income above 1.5x the poverty level).