I am looking for feedback for this idea.

We are currently offering a free bootcamp to students in Guatemala but have found that many students are not able to pay for their personal expenses while studying. Also, completely free is not sustainable for the school long-term.

We are thinking of this model. One student works on a project for 8 weeks. The base price is somewhere around $1,000 for the whole 8 weeks. The student gets 50% of this amount as a living allowance (we are not in the US) and the rest goes to the school for operating expenses.

If the student drops before the 8 weeks the client gets a pro-rated refund back. The student must work on the project at least 35 hours a week.

The client would also need to set a monetary prize for a completed project. The student would get the majority of the prize money and the rest would go to the school and mentors. The prize is only due for a completed project.

The student before starting the 8 week project would have basic working knowledge of a web framework, basic html, css, git and javascript.

None of these ideas or numbers are set in stone. Would love some feedback though. If anything is unclear please let me know.

Thanks