Tuition and financing
Delayed tuition and non-standard financing options
First of all, let us point out that we are very open to different kinds of financial arrangements that would be most convenient for the students. For example, if the students prefer, they don't have to pay anything until they are earning a high income. After that they pay a fixed amount or a fixed percentage of their income, whichever choice they prefer. Similarly, we can postpone or reduce payments if the student has a newborn child or other comparable family circumstances. Our school just needs to break even, so if in expectation the value of the financial arrangement is comparable to the standard tuition arrangement, there is no problem.
The standard speed of the courses assumes that students have at least twenty hours of available time per week. The lectures and activities are planned to accommodate that. For those who have just ten available hours per week, we offer a version of the program that proceeds at half speed, with the tuition levels adjusted accordingly. For simplicity of explanation, the discussion below assumes the standard speed of twenty hours per week.
Our school charges tuition to support its operations. But not all students pay full tuition. We offer scholarships (i.e. reduced tuition) to those whose knowledge and skills are likely to disproportionately benefit other students. We offer reduced tuition or zero tuition to selected students from middle-income or low-income places in the world. Besides that, students who perform really well may be offered teaching assistantships or research assistantships, which would cover their tuition and even provide a source of income.
The standard full tuition is about four hundred US dollars per month or less. Yes, you read that right: That's not per day. That's not per week. That's per month. The exact upper limit depends on the tax level in the student's country. The courses are designed to be a life-changing experience, and the value of tuition is a small fraction of the expected value they create for the students and society. It is kept so low in order for anyone living in high-income countries to be able to afford it.
Reduced tuition and zero tuition
Where appropriate, we reduce the tuition (sometimes all the way to zero) for students living in middle-income or low-income places in the world. One of the main purposes of the school is to bring education to developing countries. In exceptional cases, we may make the tuition negative. That is, we may charge nothing and offer a stipend for living expenses to the student.
As mentioned above, we offer scholarships (i.e. reduced tuition) to those whose knowledge and skills are likely to disproportionately benefit other students. This is determined on an individual basis.
Teaching and research assistantships
As mentioned above, students who perform really well may be offered teaching assistantships or research assistantships, which would cover their tuition and even provide a source of income.