4 ms·
I don't seem to be understanding the finances behind it. The agreement is by completing the program, you pay 15% of your salary for 2 years as long as you're r
by halfeatenpie 8y ago
I don't seem to be understanding the finances behind it.
The agreement is by completing the program, you pay 15% of your salary for 2 years as long as you're receiving more than $40,000. However, it also says it's capped at $30,000 total over that period.
If you pay someone a $2,000 a month salary for 21 weeks, that's already $42,000. Where's the extra $12,000 coming from?
I'm just trying to understand since if I agree to quit my "current job" and rely on another company to help pay for me, I'm relying on that company to not pull the rug out from under me when I'm half-way through the program. How do I know this is a reliable and sustainable program?
Interesting concept! That's just the first question that comes to mind for me.
- alehul 8y ago> If you pay someone a $2,000 a month salary for 21 weeks, that's already $42,000 It's $2,000 a month for 5 months, so $10,000 total.
- deleted 8y ago[deleted]
- halfeatenpie 8y agoThat's true but they wrote a maximum of $30,000 total. Is that total the monthly max cap or total net "payment" back to the organization? If it's 2000 a month salary for 21 weeks then yeah that's fine, but I guess it's the semantics that I failed to understand.
- crazynick4 8y ago$30,000 is the max that you will pay back, calculated as a percentage of your salary once you are hired. $10,000 is what you will receive over the course of 5 months of training.
- halfeatenpie 8y agoI just realized I totally misread it. Now it makes sense. I just can't do math apparently.
- deleted 8y ago[deleted]