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