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How do customers finance a twenty thousand dollars course? Edit: This [1] blog post loosely explains it. Pave, which is one of the "lenders" has the following
by asimuvPR 10y ago
How do customers finance a twenty thousand dollars course?
Edit:
This [1] blog post loosely explains it. Pave, which is one of the "lenders" has the following terms:
$3,000 - $25,000
6.97% to 27.10% APR
2 - 3 Year Terms
No Prepayment Penalty
[1] http://www.hackreactor.com/blog/partnerships-with-lenders-pave-affirm-make-financing-hack-reactor-more-accessible-to-students http://www.hackreactor.com/blog/partnerships-with-lenders-pa...
- toomuchtodo 10y agoUsually credit cards, from the people I've spoken to who have taken them.
- aeb0 10y agoI saved up and paid cash.
- toomuchtodo 10y agoKudos, its pretty rare to do so.
- ctvo 10y agoI can't imagine the people in these bootcamps are coming from a low income background (mostly university graduates). 20k from parents, family and friends before even turning to loans isn't terribly difficult to get if they're all convinced with you that this is your shot at a 100k+ salary and becoming self-sufficient.
- chii 10y agoI seriously doubt a boot camp will get you a 100k job if you aren't already qualified
- ctvo 10y agoThe bootcamp in question has it on their website: http://www.hackreactor.com/average-graduate-salary/ http://www.hackreactor.com/average-graduate-salary/
- asimuvPR 10y agoMaybe. I think they should stop calling it a bootcamp and simply refer to it as a technical degree in software. People might take it more seriously.
- obstacle1 10y ago>refer to it as a technical degree in software So, you think they should just blatantly lie about what their program is? It isn't a degree of any kind, or anything even approaching a degree. It is a bootcamp, and people should take it exactly as seriously as the name implies.
- asimuvPR 10y ago>So, you think they should just blatantly lie about what their program is? Obviously not. My point is that the term used is too trendy. Calling it something more serious might prove more useful in the long term. Maybe even turning into something that is an actual technical degree with proper accreditation.
- ocdtrekkie 10y agoThe notion that anyone can just call what they teach a "degree" is why I learned before I ever stepped foot in a college to never sign up or pay for a course that isn't accredited. (Aka, transferable as credit to other reputable colleges.)
- shanemhansen 10y agoIn certain geographies 100k is a pretty safe bet after < 5 years.
- argonaut 10y agoMost colleges cost far, far more, and yet many many people find a way to pay for them.
- aaronbrethorst 10y agoMassive amounts of debt.
- argonaut 10y agoMany people also find ways to pay for college without debt. Furthermore, most people going through these bootcamps are doing it for a career transition. It's nontrivial but totally doable to save $20k for someone working.
- aaronbrethorst 10y ago31% of college students graduate without debt. http://ticas.org/posd/map-state-data-2015 http://ticas.org/posd/map-state-data-2015
- argonaut 10y agoSure. My other point was that these are not high school graduates going to bootcamps. These are people with jobs and savings who are transitioning careers.