General Assembly Opportunity Fund

HEDLINE: General Assembly announces Opportunity Fund

General Assembly announced the Opportunity Fund, a scholarship program in partnership with Microsoft, Google, Hirepurpose and Nas.

The Opportunity Fund offers generous scholarship funds to help veterans, women, and minorities become less underrepresented in the tech industry.

Key Takeaway

In a blog post Jake Schwartz, CEO of General Assembly, states that one of the core challenges for GA’s vision to “create a global community of individuals empowered to pursue work they love,” is to continually increase affordability and accessibility to its courses and other resources.

Part of this mission to reach as many people as possible are financing partnerships and online courses. The Opportunity Fund is the next step. Scholarship receivers take part in GA’s three months Web Development Immersive at a significantly subsidized rate. Receivers get an $8,500 tuition subsidy of the standard $11,500 tuition price. For the remaining $3,000 payment plans and additional financing options are available.

Scholarship receivers are also obligated to teach the next generation of coders, volunteering for at least 100 hours of tutoring with select technology education nonprofit organizations. This way GA hopes to extend the impact outside of its own sphere of influence.

General Assembly raised a $35 million Series C last month. Flatiron School, another NYC-based coding school, just closed a $5.5 million Series A. Courses at Flatiron School are priced at $12,000 a course with an acceptance rate of between 8%-10%, only.

Further Reading

  • Announcing: Opportunity Fund | GA Blog
  • HEDLINE: General Assembly raises $35 million Series C | EDUKWEST
  • HEDLINE: The Flatiron School raises $5.5 million | EDUKWEST

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Kirsten Winkler is the founder and editor of EDUKWEST. She also writes about Social Media, Digital Society and Startups at