This is the first time I see something like that.
Yep, there’s a first time for anything, for example the concept of MOOC itself – and Udacity didn’t take the first place there; it was Coursera, as far as I can recall. (Of the first three courses Coursera offered, I took two at once!). But it seems that as more and more competition comes to the online courses market, the providers are starting to invent more elaborate methods to get a bigger share – and this, undoubtedly, is one of those methods!
What does this guarantee mean, exactly?
Well, it means that either you get a job in no more than six months after you’ve completed the Nanodegree, or you get the tuition back (and it’s from $1200 to $1800, as far as I know – $200 a month, six to nine months).
What’s the catch?
Well, for now it’s only available to US students, but Udacity tells us to stay tuned – it’s not going to stay that way forever.
I wonder what the percentage of the students getting a payback will be, compared to those who will actually find good employment. That will be interesting statistics, if Udacity will publish it. Well, we’ll wait and see. Fun times!