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One thing to keep in mind about the 30k number. Unless it's changed it is percentage based with a min. If you're making less then 50k it's nothing, if you're ma
by MivLives 6y ago
One thing to keep in mind about the 30k number. Unless it's changed it is percentage based with a min. If you're making less then 50k it's nothing, if you're making 50k it's 17k in repayment. If you're making a 150k it's capped at 30k, but you're paying 2125 dollars a month until you hit that.
It's 17 percent of your salary for 2 years or you hit 30k repayment whichever is first. If you don't make over 50k, or don't get a job in a related field (which includes things like IT support I believe) it disappears.
You can kind of see why a student would think that the bootcamp is aligned with their interests. They want you to get a high paying job so they get paid more, and if you don't succeed you owe nothing.
I went through this, and my salary went up 2.25 times what it was previously. I also enjoy my job significantly more. To me this was worth 30k.
Why didn't I just teach myself? A few reasons, one is motivation/accountability, another is structure, and a third was a hope that career services would help me on the other side. I won't claim it was my smartest move, it got me out of the hole I was in.
Edit: want to be clear I'm not recommending doing this, I'm just saying what my/other students I talked to decision process was