FAB ACADEMY TUITION FEES
The Fab Academy tuition fees are variable. The price 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 Costs are variable, decided by the node. Nodes 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.
Tuition fees must cover both local and global expenses, cost breakdown explained at the Fab Academy website.
European Fab Labs can apply 1:1 conversion into Euros or the fixed exchange rate at the moment of the application.
From this year on, all the payments from students will go through Central Administration. Students will not pay tuition fees to Local Labs or Intermediaries.
In addition, all payments will be done via FLYWIRE payment platform.
Reimbursements of Local Costs will be done in 2 installments:
50% In February, after every student has paid the corresponding fees according to the deadlines (70% of fees before mid-January)
50% in September, after every
has paid full fees.
Reimbursements will be done after the Lab sends an Invoice for each amount.