OK, so there are probably a few people out there who can say that. But not many.
If you're wondering why we picked such an oddly specific number, it's because $15,500 - $17,500 happens to be the tuition for our on-campus bootcamp. That's quite a bit less than the cost of traditional higher-education programs, but still out of reach for a lot of students. Relative to the rest of the education industry, bootcamps like Launch Academy are very, very new, and payment options are limited. The high cost of bootcamps combined with the dearth of financing options available for alternative education programs makes paying for a bootcamp one of the single biggest hurdles a student can face. Until now.
Paying for Launch just got a whole lot easier. Orders of magnitude easier. We're happy to announce that we've partnered with Skills Fund to offer Launch Academy students more flexible financing options.
You can find all of the details about the Skills Fund financing program here.
Of course, if you'd prefer to pay your tuition up-front (and therefore avoid financing charges), that's fine too. Ultimately, there is no universal 'best' option, because everybody's financial picture is different. Even if you have the means to pay up-front, it might make more sense to go the financing route (time value of money, liquidity concerns, etc).
Our decision to offer this option was not one we took lightly. It's no secret that the student loan industry doesn't have an exemplary reputation, and the last thing we want to do would be to endorse a financing option that contributes to the serious crisis that's developed in the US over the last decade or so. As we explored partnerships with different lenders, our number-one priority was finding options that offered fair and reasonable payment terms. We found that with Skills Fund.
If you decide that a financing option is the best path for you, be sure to read the T's and C's, review your payment schedule, and make sure you're comfortable with the financing path you've picked before you sign on the dotted line.
Launch Academy was founded on the idea that everybody should have the opportunity to better themselves. Making tuition more accessible is a huge step in that direction. We are ridiculously excited.