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Program Costs

The NEW Apprenticeship is an investment in your future. Our apprentices recognize the long-term impact that coaching, mentoring and expert instruction will have on accelerating their career, increasing their financial earning power, and gaining clarity in their life purpose. To help you evaluate and better plan for your future, below is a Funding Breakdown that incorporates the different ways that NEW can help alleviate the cost of the program to you.

Funding Support

Grants:

Workforce Grant

Receive up to $7,500 for apprenticeship and $3,500 for bootcamp in local workforce board grants*

Department of Labor Grant

Receive $6,200 through the  Federal AEMF Apprenticeship grant**

 

*Funds eligibility and distribution determined by local Workforce Board
**While funds last. Employer must consent.

Scholarships:

Equity Scholarship

As an apprentice at NEW, you won’t be obligated to pay tuition until after you are in a full-time role.
Still, we recognize that any financial commitment is an important decision, so we launched our Diversity Scholarship as a way to help remove financial barriers to success.

Eligible apprentices can receive up to $2,000 towards their tuition.

Employer Contribution:

NEW does not directly determine your compensation – that is between you and your employer. However, you will likely earn an average entry-level salary as you enter the role with no competencies.

Most apprentices receive an employer contribution, workforce grant, and/or scholarship of at least $2k.

Flexible Tuition Options

As an apprentice at NEW, you won’t be obligated to pay tuition until after you are in a full-time role. Still, we recognize that any financial commitment is an important decision, so we offer 2 different options to match your needs:

Monthly Payment Option:

NEW offers the ability for all apprentices to pay tuition in monthly installments. In many cases, these can be paid directly on your behalf from your employer, or you can set up payment directly with NEW if you choose. The monthly payments are:

  • Interest-free
  • Spread out over 18-months
  • Calculated after any contributions from your employer and/or grants

Climb Credit Option:

Climb Credit is a new kind of student lending company which focuses on financing career-building programs to help students get a high return-on-investment from their education.

  • A free online application with no impact to your credit score
  • Instant decisions 95% of the time, with the ability to accept and e-sign our documents in just a few clicks
  • Calculated after any contributions from your employer and/or grants

Friendly and responsive customer service:
email: hello@climbcredit.com
phone: 888-510-0533 and instant chat
9am to 9pm Eastern

Not sure which is right for you? Don’t worry, you don’t have to make any decisions yet. And until you know what your full-time salary will be and subtract any contributions from your employer or other sources, it doesn’t make sense to commit to either yet.