A lot. If the program has been around for some time, competitive with engineering salaries in SF (I would estimate 200k+). Do the math. Number of students per

A lot. If the program has been around for some time, competitive with engineering salaries in SF (I would estimate 200k+). Do the math. Number of students per class x classes per year x tuition x percent of students that get jobs through each program's hiring network x $20k (recruiting fee) and holy shit you have a cash cow. Subtract rent, taxes, utilities (internet+electricity), and janitorial services and you still tons of cash flow (before accounting for salaries). It's like consulting: very lucrative and cash-flow positive, but very difficult to scale. Though I would imagine that part-timers don't make as much. mjn's estimate is quite off the mark. This is not tutoring.