2nd/3rd draft budget
We are not accepting Federal or State loans or grants. Our design and philosophies are not always aligned, and we refuse to settle for less.
Students who meet all the standards, excepting financial wherewithal are still encouraged to apply.
Because of our unique admissions process there will be eight male and eight female scholarships per cohort, that will cover all costs including those for travel to and from programming for student and support team.
We will accomplish this by offering an innovative process, bidding.
Families of wealth will be able to bid for guaranteed enrollment. The starting bid is full cost for your student, and full cost plus personal travel for a scholarship.
We do not believe in the bastardization of the wealthy. We want to honor their right to pay a premium for things they want, and harness that ambition to help others. Another way to view this process is inverted alumni giving – why give after you graduate, to what end? We don’t shame the poor for getting money they didn’t earn, it would be capricious to levy those judgements on the rich.
Keep this in mind: we will be fully funding 25% of our cohort participants. Proportionally, barely a handful of schools have a higher percentage.
Students are allowed to use any scholarships other than governmental.
We suggest you consult with a financial planner to determine what financial path is right for you.
The current working budget calls for $99,000 per year. Our yearly cost is higher, but our graduation cost – because of three years – is less than some of the top private and public institutions.
Investigate the usage of your money in their institution versus ours. Here are some areas to consider: paying for food services (our students shop and cook for themselves), custodians and matrons to pick up after your kid, the Advising office as an example – you pay for director, assistant director, executive secretary, your advisor, and likely some retired personnel (our cohort leaders are catchalls and therefore you are getting multiple services for one staff cost), you are paying for a full security department, multitudes of managers and executives, classes you will never take, professors you will never meet, and activities you will never attend.
The totality of your cost is almost entirely focused on the costs necessary for the here and now, for your child.
*** An outline of costs will appear here***
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