Re:We Pay You to Learn to Code
by dragonwriter on Wednesday March 20, 2019 @02:08PM
(#19445028)
> I just can't get passed the 300% return rate. I
It's a 300% return rate only because you are assuming the repayment only covers the $2K/month stipend ($10K total), with $0 tuition equivalent. They are comparing the program to $15K tuition programs (and also saying it offers more). If you assume the payback is for the stipend plus $15K in tuition, it's a lot more reasonable. If you assume that they are offering 1/3 more than a $15K tuition program so that the tuition equivalent is $20K, it's effectively a zero interest loan at the maximum repayment amount.
It's a 300% return rate only because you are assuming the repayment only covers the $2K/month stipend ($10K total), with $0 tuition equivalent. They are comparing the program to $15K tuition programs (and also saying it offers more). If you assume the payback is for the stipend plus $15K in tuition, it's a lot more reasonable. If you assume that they are offering 1/3 more than a $15K tuition program so that the tuition equivalent is $20K, it's effectively a zero interest loan at the maximum repayment amount.