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How much does Highway cost? Do I pay anything if I don't get a job?

Photo by David Carboni on Unsplash

 

 

Highway offers two ways for students to pay: they can pay a traditional up-front tuition or they can pay a Income Share Agreement (or "ISA"). The price of the traditional up-front tuition is $16,000.

Students using the ISA do not pay Highway anything until they are making $55,000 a year or greater in a job that uses skills learned at Highway. Highway's commitment to students is to launch them in a high-paying job and Highway will not cost students anything until and unless that happens.

If the student does succeed in obtaining a job paying over $55,000 a year, then the student does pay Highway one of three amounts (in addition to their deposit) depending on what tier their salary is in:

Annual Income Level Monthly Payment
Between $55,000 and $65,000 $380
Between $65,000 and $75,000 $445
More than $75,000 $510

The student permanently stops paying when any one of the following three conditions are met:

  • Total payments have reached 1.5 times the amount of tuition deferred (i.e. upfront tuition less the deposit) or the "payment cap." If a student paid a $2,000 deposit and deferred $14,000 tuition, then the payment cap would be $21,000. 
  • The student has made 48 payments (no matter what the total is)
  • Eight years have passed since the student signed their ISA

In addition, students' payments pause if their salary ever drops below $55,000 a year.

Important note: in order to use an ISA, students must meet the following criteria. 

Premier Employers

As Highway recruits employers and matches them with students to solve employer hiring needs, Highway also signs up a tier of Premier Employers. These Premier Employer pay Highway a $10,000 fee for Highway's services in finding them a new hire. In turn Highway reduces the payment cap of the student that the Premium Employer hired by $10,000, from $21,000 to $11,000. 

So far 100% of Highway students have signed with Premier employers, but it will always be the choice of the student whether or not to join a Premier.  


LEARN MORE:
Do I pay a deposit? (or to see the list of all our frequently asked questions, click here)