We’re excited to share an announcement that Chip Paucek, co-founder and CEO of 2U, Inc, made today that will make Trilogy-powered boot camps more accessible and affordable for historically underrepresented communities in the tech economy. Our partners’ boot camps have been at the forefront of providing diverse students the opportunity to upskill and reskill to fill the jobs of today and tomorrow, and this scholarship fund will put those opportunities at even closer reach for those who need it most.
With the launch of a $3 Million Scholarship Fund, the communities that have been hit worst by recent job losses and economic hardship will be eligible to receive $2,500 scholarships to over 100 online boot camps offered by over 30 of our university partners in coding, data analytics, cybersecurity, fintech, digital marketing, and UX/UI. And for the remaining tuition, a 24-month no-interest payment plan will ease the financial burden on many learners so that they can focus on the skills they need to build a sustainable career.
And read the press release below.
2U, Inc., (Nasdaq: TWOU), a global leader in education technology, in partnership with more than 30 top non-profit universities nationwide, today announced the launch of a $3M Scholarship Fund designed to expand access to critical tech training boot camps for historically underrepresented candidates experiencing job loss or financial hardship.
Scholarships of $2,500 each will be available to Black, Latino, and Indigenous learners, as well as women, demonstrating both need and merit. These scholarships, made possible through the commitment of 2U’s partner network, can be applied to over 100 online tech boot camps, spanning fields including coding, data analytics, cybersecurity, fintech, digital marketing, and UX/UI. Participating programs include boot camps offered by Columbia Engineering, The George Washington University, Penn LPS, Rice University, UNC-Chapel Hill Friday Center, UC Berkeley Extension, UCI Division of Continuing Education, UCLA Extension, Vanderbilt University, and many more.
“As the economic impact of the pandemic continues to unfold, millions of people have seen their livelihoods disappear overnight, with people of color and women disproportionately affected. Many of these jobs—especially in sectors already at risk of automation—aren’t coming back,” 2U Co-Founder and CEO Christopher “Chip” Paucek said. “This scholarship fund removes barriers for workers who are traditionally underrepresented in the tech industry by increasing the affordability of top university boot camps across 2U’s network. Our partners have always made supporting diverse learners central to their boot camps, and these scholarships will put life-changing tech training within even closer reach at a time when people need it most.”
In addition to the Scholarship Fund, 2U has begun rolling out a 24-month, no-interest payment plan option for students enrolling in select boot camps across its university partner network. The payment plan further increases the affordability of tech training programs at an urgent moment for workers across the nation.
More than 40 million Americans have filed for unemployment since states across the U.S. shut down to contain the spread of the COVID-19 pandemic, with 95% of workers in low-income households experiencing job loss or a loss of income (Gallup). Over a third of Americans say they will need training or education to find new jobs (Strada Education Network). Tech jobs have been some of the most resilient roles in the current economic downturn, with many industries now accelerating their digital transformation, automation, and e-commerce efforts. Boot camps are seeing record levels of interest as workers look to both reskill and upskill to increase their employment opportunities.
2U acquired boot camp leader Trilogy Education in 2019. As universities closed their campuses to protect the health of students, 2U quickly helped its partners transition their boot camp programs online and trained all instructors in online teaching best practices. Career-related program elements such as tech talks by industry professionals, project demo events, and recruitment sessions by employers like Microsoft and Deloitte were reimagined in engaging online formats.
Trilogy-powered boot camps educate working adults across a wide range of backgrounds and experience levels and are available in a 12-week full-time format and part-time 18-week or 24-week formats. More than 25,000 diverse learners have graduated from these programs and thousands of organizations employ them, including 50% of Fortune 100 companies.
For more information and to apply for a scholarship with a participating university, visit trilogyed.com/students.
Participating institutions include: Arizona State University’s Continuing and Professional Education, Butler University Executive Education, Case Western Reserve University, Columbia Engineering, Johns Hopkins Whiting School of Engineering, Michigan State University College of Engineering, Rice University’s Susanne M. Glasscock School of Continuing Studies, Rutgers University Division of Continuing Studies, Southern Methodist University Professional and Online (SMU PRO), The George Washington University, UC Berkeley Extension, UCI Division of Continuing Education, UCLA Extension, UC Riverside Extension, UC San Diego Extension, UCF Division of Continuing Education, UNC-Chapel Hill William and Ida Friday Center for Continuing Education, UNC Charlotte Continuing Education, University of Arizona’s Continuing and Professional Education, University of Connecticut School of Engineering, University College at the University of Denver, University of Kansas Professional and Continuing Education, University of Miami Division of Continuing and International Education, University of Minnesota College of Continuing and Professional Studies, University of New Hampshire Professional Development & Training, University of Oregon Continuing and Professional Education, University of Pennsylvania College of Liberal and Professional Studies, University of Richmond School of Professional and Continuing Studies, University of Southern California Viterbi School of Engineering, University of Texas San Antonio, University of Utah Professional Education, University of Wisconsin Extended Campus, Vanderbilt University School of Engineering and Owen Graduate School of Management, and more.