QuincyLarson/gist:2ea46324e6230f2af8c4

## gistfile1.txt
The Actual Cost of Coding Bootcamps

##Raw cost##

***Wage Garnishing Bootcamps***
App Academy (18% * $105,000) = $18,900 + 12 weeks
Viking Code School (18% * $105,000) = $18,900 + 14 weeks

***Cash Up-front Bootcamps***
Hack Reactor ($17,780 over 3 years at 5.5 APR = $19,328 (financing through Upstart)) + 12 weeks
Dev Bootcamp ($13,950 over 3 years at 6% APR = $15,051 (financing through Pave)) + 19 weeks
General Assembly ($11,500 over 3 years at 5.5 APR = $12,501 (financing through Upstart)) + 12 weeks


***Housing***
Median Monthly rent SF $4,650 / 2 = $542/wk for a room in a 2 bedroom apartment
Median Monthly rent NY $3,600 / 2 = $420/wk for a room in a 2 bedroom apartment

***Opportunity Cost***
$52,000 median annual income = $1,000 per week in forgone wages


***Totals***

App Academy: 18900 + (12 * (542 + 1000)) = $37,404
Viking Code School (online): 17460 + (14 * (1000)) = $31,460
Hack Reactor (in-person): 19328 + (12 * (542 + 1000)) = $37,832
Hack Reactor (online): 19328 + (12 * 1000) = $31,328
General Assembly: 12501 + (12 * (542 + 1000)) = $31,005
Dev Bootcamp: 15051 + (19 * (542 + 1000)) = $44,349

Many of these coding bootcamps argue that putting so much money on the line will pressure you to work harder and succeed in their programs. Looking at these sums of money, we can certainly believe this!

So Free Code Camp's community has come up with a way for you to feel this same motivation.

Here's how it works:
1) Set a realistic goal for your learning (I'll complete all the Bonfires within 2 months)
2) Choose a cause you believe in (Health care for children in the developing world)
3) Choose an amount ($1,000)

Instead of giving money to a coding bootcamp, you'll give money to cause you believe in - but only if you fail to meet your goal. Go to freecodecamp.com/commit and set your goal today.


***Sources***
http://www.appacademy.io/?gclid=CIDoh8yUk8UCFRSEfgod_TkAcg#p-faq
http://www.vikingcodeschool.com/program
https://generalassemb.ly/education/web-development-immersive
http://devbootcamp.com/tuition/
http://www.hackreactor.com/questions
https://www.coursereport.com/resources/ultimate-guide-to-coding-bootcamp-loans-financing
http://www.bankrate.com/calculators/managing-debt/annual-percentage-rate-calculator.aspx
	The Actual Cost of Coding Bootcamps

	##Raw cost##

	*Wage Garnishing Bootcamps*
	App Academy (18% * $105,000) = $18,900 + 12 weeks
	Viking Code School (18% * $105,000) = $18,900 + 14 weeks

	*Cash Up-front Bootcamps*
	Hack Reactor ($17,780 over 3 years at 5.5 APR = $19,328 (financing through Upstart)) + 12 weeks
	Dev Bootcamp ($13,950 over 3 years at 6% APR = $15,051 (financing through Pave)) + 19 weeks
	General Assembly ($11,500 over 3 years at 5.5 APR = $12,501 (financing through Upstart)) + 12 weeks


	*Housing*
	Median Monthly rent SF $4,650 / 2 = $542/wk for a room in a 2 bedroom apartment
	Median Monthly rent NY $3,600 / 2 = $420/wk for a room in a 2 bedroom apartment

	*Opportunity Cost*
	$52,000 median annual income = $1,000 per week in forgone wages


	*Totals*

	App Academy: 18900 + (12 * (542 + 1000)) = $37,404
	Viking Code School (online): 17460 + (14 * (1000)) = $31,460
	Hack Reactor (in-person): 19328 + (12 * (542 + 1000)) = $37,832
	Hack Reactor (online): 19328 + (12 * 1000) = $31,328
	General Assembly: 12501 + (12 * (542 + 1000)) = $31,005
	Dev Bootcamp: 15051 + (19 * (542 + 1000)) = $44,349

	Many of these coding bootcamps argue that putting so much money on the line will pressure you to work harder and succeed in their programs. Looking at these sums of money, we can certainly believe this!

	So Free Code Camp's community has come up with a way for you to feel this same motivation.

	Here's how it works:
	1) Set a realistic goal for your learning (I'll complete all the Bonfires within 2 months)
	2) Choose a cause you believe in (Health care for children in the developing world)
	3) Choose an amount ($1,000)

	Instead of giving money to a coding bootcamp, you'll give money to cause you believe in - but only if you fail to meet your goal. Go to freecodecamp.com/commit and set your goal today.


	*Sources*
	http://www.appacademy.io/?gclid=CIDoh8yUk8UCFRSEfgod_TkAcg#p-faq
	http://www.vikingcodeschool.com/program
	https://generalassemb.ly/education/web-development-immersive
	http://devbootcamp.com/tuition/
	http://www.hackreactor.com/questions
	https://www.coursereport.com/resources/ultimate-guide-to-coding-bootcamp-loans-financing
	http://www.bankrate.com/calculators/managing-debt/annual-percentage-rate-calculator.aspx