(San Francisco, CA, Tuesday, November 16, 2021) – Lambda School, the online technology school dedicated to breaking down systemic barriers to economic mobility, will now become Bloom Institute of Technology. Under the new name, they are continuing their mission to help learners turn technical training into a direct path to rewarding career opportunities. Graduates are hired by companies of all sizes, from the Fortune 100 to new startups.

Focusing on their mission to help people by providing a direct path to rewarding careers, Bloom Institute of Technology, or BloomTech, expands the vocational school model and offers a much-needed, lower risk alternative to traditional higher education. The online and job-based programs help students from all backgrounds gain the technical and professional skills that align with the demands of the job market today and in the future.

BloomTech has also unveiled a new pricing model that ensures both the institution and learners are invested in educational and career success. The range of payment options gives learners the power and autonomy to select a plan that best matches their needs and ambitions.

In eligible cases, payment options are backed by BloomTech’s 110% Tuition Refund Guarantee. This one-of-a-kind guarantee is an example of the school’s confidence that their training and job search support provide a direct path to a better career and higher income. It ensures that eligible graduates who are not able to land a job that pays a minimum $50,000 annualized salary (or $4,166 per month) after 365 days of job searching will not pay any money. In addition to getting their entire tuition refunded, BloomTech will directly pay them 10% of their tuition cost.

Interested learners can visit Bloomtech.com for more information.

SOUNDBITES – Mari Nazary, Chief Learning & Product Officer

• THERE IS A DEEP MISMATCH BETWEEN THE SKILLED WORKFORCE THAT EMPLOYERS NEED TO HIRE AND THE SKILLS THAT JOB SEEKERS ACTUALLY POSSESS. THAT IS WHY TODAY, WE ARE LAUNCHING BLOOM INSTITUTE OF TECHNOLOGY. WE ARE EXPANDING THE ONLINE VOCATIONAL SCHOOL MODEL TO FOCUS ON FAST-GROWING CAREERS IN TECHNOLOGY THAT WILL CHANGE THE FINANCIAL FUTURES OF OUR GRADUATES.
• OUR PROGRAMS ALIGN CURRICULUM, REAL WORK EXPERIENCE, AND CAREER SERVICES WITH THE DEMANDS OF THE JOB MARKET. WE OFFER A MUCH-NEEDED ALTERNATIVE TO TRADITIONAL HIGHER EDUCATION THAT PREPARES AND SUPPORTS LEARNERS TO BECOME JOB-READY GRADUATES.
• WE ARE COMMITTED TO HELPING PEOPLE ACHIEVE FINANCIAL MOBILITY. THIS BELIEF IS REFLECTED IN OUR PRICING MODEL: WE ASK LEARNERS TO INVEST IN THEMSELVES, WHILE WE TAKE ON SOME OF THE FINANCIAL RISK.
• MOST SCHOOLS MAKE THE SAME AMOUNT OF MONEY WHETHER OR NOT THEIR LEARNERS SUCCEED. WE TAKE A DIFFERENT APPROACH. WE OFFER A VARIETY OF FINANCING OPTIONS, INCLUDING PAYMENT OPTIONS BACKED BY BLOOMTECH’S 110% TUITION REFUND GUARANTEE. THE GUARANTEE PAYS ELIGIBLE GRADUATES A FULL REFUND OF THEIR TUITION, PLUS AN ADDITIONAL 10%, IF THEY DO NOT LAND A JOB THAT PAYS A MINIMUM OF $50,000 AFTER A YEAR OF JOB SEARCHING.