Introduction to Academany Costs
The content from all Academany courses is free, all the classes and documentation are available for anyone. Students pay the set of services attached to each program such as instruction and support, evaluation, hosting of documentation, among others.
Academany educational programs’ tuition fees are based in the combination of 2 costs:
·Local Costs > the costs needed to run the course in the local Fab Lab that hosts the program
·Central Costs > infrastructural costs and services provided by Academany Central
The Fab Academy tuition fee is comprised by Central Costs and Local Costs.
Central Costs are fixed: 2500$ for Fab Labs located in America, Asia, Africa and Oceania and 2500€ for Fab Labs located in Europe.
Local Cost may be variable
The Standard price for the course is 5000 USD/€
Local Costs are variable, decided by the node. They can calculate how much the local costs are and add this price to the central cost. The local cost must cover: materials, operations, access to facilities and instruction.
The Local Costs covers:
·Direct student expenses. Consumables and materials for projects.
·Facilities. Machines maintenance and running costs for space.
·Operations. This includes running the class, placing orders, scheduling meetings, tracking students.
·Instruction. Individual technical guidance.
The Central Costs are fixed: $2500 or €2500 in European countries. This covers:
·Faculty: preparing and delivering the lectures, running global reviews, and developing curriculum.
·Operations: nodes supervision, global evaluation, and direct support for the class (recording class videos, developing Evaluation App, etc.)
·Administration: common costs across classes, including managing finances, running logistics, keeping records, and supporting servers.
·Student support: review and accreditation of student work, registration for graduation at the FABx events, and contributions towards scholarships.
Nodes whose Instructors are fresh graduates who never taught the course before, must cover (from Local Costs) a percentage for expert supervision. To instruct the course, these novice Instructors need support and supervision from remote guru/mentor. In this case, the nodes must cover the remote mentoring costs: 625$ per student.
As an example, if the tuition fees are 5000$, the split would be:
2500 > Central costs: Administration, Student Services, Faculty, Operations.
625 > Guru/mentor: support the Instruction and the local evaluation
625 > Local costs: Instruction and operations
1250 > Local costs: materials and infrastructure access
In this scenario, the Nodes receive 1875$.
Nodes whose Instructors have experience in teaching Fab Academy can claim the totality of the Local Costs.
For any questions, please contact email@example.com