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It says salary, tuition & vacation. So I wouldn't be surprised if that's a $160k estimation for the whole thing for the 4 years! But yeah, either way, better than $60k/y in tuition you end up owing!
Tuition in Canada is around $10k-20k/year depending on school and status.
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Given the amount, that's actually fairly unlikely to be from the Ivy League education. Generally Ivy League schools cost less (sometimes way less) than public schools unless your family makes more than ~130-150k combined and/or has fairly substantial assets. One possible way for it to happen is if a student's parents have a high income, are unwilling to pay for the student's education and force the student to shoulde…
in my case this is pretty much what happened, except with the singapore government loaning money at 10% compound interest via a scholarship, which i had to break due to being assigned to a terrible job post graduation. i may be book smart but ive made some colossal screwups in my life.
Wait how do they make money out of this. They're paying salary to people that can't yet code? I've seen companies strugle to make money with mid level devs.
I assume that, with sufficient screening, you can get someone contributing relatively quickly, and start getting value. I think the key is the screening- they’re not giving this offer to every CS student. At the places I’ve worked, we’ve definitely got value out of interns comparable to a junior developer.
This looks a lot more like an apprenticeship to me than a degree. Which I think is fantastic, Universities are generally terrible at teaching practical skills and fantastic at teaching theory.
Wait how do they make money out of this. They're paying salary to people that can't yet code? I've seen companies strugle to make money with mid level devs.
This could be a cheap way of boosting Shopify’s workforce and reputation. Tech companies have high revenue per employee. If Big Tech follows suit with other apprenticeships, Shopify could be known as the company that made white collar apprenticeships a thing in the U.S. and Canada. The apprentice program would become less expensive for Shopify over time as it captures apprentices from other companies.
What are "mature students"?
i am wishing i could go back 15 years and do this now. i was dumb enough to go to an ivy league for an unrelated degree, then change careers and go thru a bootcamp, and i'm now still 100's of thousands in debt. if i was growing up today i would absolutely drop everything to do this. kudos to shopify but it really feels a little bittersweet.
I don't have the debt (just the opportunity cost of wasting a decade doing something I didn't really want to do), and this program wouldn't have saved me, but I understand your regret.
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Just never pay the debts bro. Forget that shit and let it all go, and start stacking to live a debt free stress free life.
I know you’re downvoted for saying something that’s basically unethical, but I’m interested: how do you propose to buy a home using this strategy? All cash? In my area, I’d need around $200,000 cash. I know there’s trailer parks and etc. but they may not work for everyone.
That being said, discharging debt in bankruptcy will haunt your credit for 7 years, or so I've heard. Being forced to not finance anything for 7 years is a decent way to save money if you've got a good paying job, I suppose, as you don't fall into the trap of only looking at the monthly payment without thinking of the total cost.
This looks a lot more like an apprenticeship to me than a degree. Which I think is fantastic, Universities are generally terrible at teaching practical skills and fantastic at teaching theory.