{"id":174,"date":"2022-05-27T19:26:39","date_gmt":"2022-05-27T19:26:39","guid":{"rendered":"https:\/\/blogs.oregonstate.edu\/thepromiseoftechnologyproject\/?page_id=174"},"modified":"2022-06-07T00:12:06","modified_gmt":"2022-06-07T00:12:06","slug":"funding-for-the-project","status":"publish","type":"page","link":"https:\/\/blogs.oregonstate.edu\/thepromiseoftechnologyproject\/financial-literacy-high-school-course\/funding-for-the-project\/","title":{"rendered":"Funding for the Project"},"content":{"rendered":"<p><strong>What would this course cost to prototype?<\/strong><\/p>\n<p>Although the cost of the project would be taken on by the State of Oregon we will provide a cost estimate for designing the course. According to<br \/>\n<a href=\"https:\/\/raccoongang.com\/blog\/how-much-does-it-cost-create-online-course\/\">How much does it cost to develop an online course?<\/a> by Sergiy Movchan it would take $3,150-$13,175 for 1 hour of content produced in the design process. This brings our estimate of the cost for the typical 130 hours of class time in Oregon Schools to between $409,500 and $1,712,750 for a full 130-hour course design.<\/p>\n<p><strong>What is the complete cost of the final project?<\/strong><\/p>\n<p>Important numbers:<\/p>\n<ul>\n<li><span style=\"font-weight: 400\">There were 181,963 high school students that received funding from the Oregon Department of Education in the 2021-2022 according to <\/span><a href=\"https:\/\/www.oregon.gov\/ode\/reports-and-data\/students\/Documents\/fallmembershipreport_20212022.xlsx\"><span style=\"font-weight: 400\">Fall Membership Report 2021-22<\/span><\/a><\/li>\n<li>According to <a href=\"https:\/\/lobbyit.com\/average-cost-lobbying\/\">Average Cost of Lobbying<\/a> by the company Lobbyit, it would cost about $7,995 per month to lobby a state senator.<\/li>\n<li>According to <a href=\"https:\/\/artradarjournal.com\/paintings\/canvas\/how-much-does-canvas-cost-for-a-school\/\">How much does canvas cost for a school?<\/a> by Brittney it will cost $380 per year for a small Canvas plan which provides 1 gigabyte of storage for each student.<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">The total amount of expenses is the cost to push for the law to be passed added to the cost to develop the online education modules. The cost to implement the course would be negligible because It would replace an existing elective course that a student would take. The cost for providing the course on Canvas is 181,963 (number of Oregon high school students \/ 200 (small plan with 1 gb storage) * $380 (cost per year for small plan) = $<\/span><span style=\"font-weight: 400\">345,729 per year. The cost to push for a law could include hiring a lobbying agency at a rate of $7,995 for 12 months and advertising added with an additional $100,000 for unexpected expenses brings the total cost to about $200,000. The cost to develop the course will be about <\/span><span style=\"font-weight: 400\">$<\/span><span style=\"font-weight: 400\">2,916,030<\/span><span style=\"font-weight: 400\">.<\/span><\/p>\n<p>This 2.9 million dollar figure includes the design cost, so it would be reduced by the cost of the prototype as previously stated. Additionally, there could be a cost reduction if the school district already uses Canvas as there would be no additional Canvas infrastructure need.<\/p>\n<p><strong>How is the cost of the project divided?<\/strong><\/p>\n<p>According to <a href=\"https:\/\/raccoongang.com\/blog\/how-much-does-it-cost-create-online-course\/\">How much does it cost to develop an online course?<\/a> by Sergiy Movchan a creating a course can be divided into four stages. These stages are analysis, design, development, and implementation. The analysis stage includes the course owner and marketing specialists at a cost of $900-$3000 per hour of course content. The design stage includes consultation with a subject matter expert, designing visual content, and designing practical tasks. This requires hiring a subject matter expert, psycholinguist, lecturer, project manager, instructional designer, and a graphic designer for a total cost of $3150-$13175. The development stage includes writing notes, designing videos, filming videos, designing intros and editing videos. This requires hiring video editors, camera operators, and a director in addition to the previously hired staff for a total cost of $2995-$13025 per hour. The implementation stage includes uploading the course, quality assurance, course monitoring, and project management. This requires hiring a content manager in addition to some of the previously mentioned staff for a total cost of $2115-$6020 per hour.<\/p>\n<table dir=\"ltr\" style=\"margin-left: auto;margin-right: auto\" border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<colgroup>\n<col width=\"100\" \/>\n<col width=\"100\" \/>\n<col width=\"100\" \/>\n<col width=\"100\" \/>\n<col width=\"100\" \/><\/colgroup>\n<tbody>\n<tr>\n<td style=\"text-align: center\" colspan=\"5\" rowspan=\"1\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Expected expenses&quot;}\">Expected expenses (Non-profit)<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Item\/Task&quot;}\">Item\/Task<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Who&quot;}\">Who<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;How many&quot;}\">How many<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Rate&quot;}\">Rate<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Total&quot;}\">Total<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Pass bill&quot;}\">Pass bill<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;State Lobbyist&quot;}\">State Lobbyist<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:1}\">1<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;7,995\/month&quot;}\" data-sheets-numberformat=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;#,##0&quot;,&quot;3&quot;:1}\">$7,995\/month<\/td>\n<td style=\"text-align: right\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:95940}\" data-sheets-numberformat=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;#,##0&quot;,&quot;3&quot;:1}\">$95,940<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Advertising&quot;}\">Advertising<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Various methods&quot;}\">Various methods<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:1}\">1<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:100000}\" data-sheets-numberformat=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;#,##0&quot;,&quot;3&quot;:1}\">$100,000<\/td>\n<td style=\"text-align: right\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:100000}\" data-sheets-numberformat=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;#,##0&quot;,&quot;3&quot;:1}\">$100,000<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Total expected Expenses&quot;}\">\n<div>\n<div>Total expected Expenses<\/div>\n<\/div>\n<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td style=\"text-align: right\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:195940}\" data-sheets-numberformat=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;#,##0&quot;,&quot;3&quot;:1}\">$195,940<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<table dir=\"ltr\" style=\"margin-left: auto;margin-right: auto\" border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<colgroup>\n<col width=\"432\" \/>\n<col width=\"100\" \/>\n<col width=\"130\" \/>\n<col width=\"100\" \/><\/colgroup>\n<tbody>\n<tr>\n<td style=\"text-align: center\" colspan=\"4\" rowspan=\"1\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Expected expenses&quot;}\">Expected expenses (Oregon Board of Education)<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Item\/Task&quot;}\">Item\/Task<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;How many&quot;}\">How many<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Rate&quot;}\">Rate<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Total&quot;}\">Total<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Course Development (Analysis, Design, Development, Implementation)&quot;}\">Course Development (Analysis, Design, Development, Implementation)<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:1}\">1<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;22,431\/credit hour&quot;}\">$22,431\/credit hour<\/td>\n<td style=\"text-align: right\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:2916030}\" data-sheets-numberformat=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;#,##0&quot;,&quot;3&quot;:1}\">$2,916,030<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Canvas \\&quot;Small Plan\\&quot; for Students&quot;}\">Canvas &#8220;Small Plan&#8221; for Students<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:909}\">909<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;380\/year&quot;}\">$380\/year<\/td>\n<td style=\"text-align: right\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:345729}\" data-sheets-numberformat=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;#,##0&quot;,&quot;3&quot;:1}\">$345,729<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Total expected Expenses&quot;}\">Total expected Expenses<\/td>\n<td><\/td>\n<td style=\"text-align: right\"><\/td>\n<td style=\"text-align: right\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:3261759}\" data-sheets-numberformat=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;#,##0&quot;,&quot;3&quot;:1}\" data-sheets-formula=\"=SUM(R[-2]C[0]:R[-1]C[0])\">$3,261,759<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p><strong>How could the project be funded?<\/strong><\/p>\n<p>As our project is to get a state law passed it cannot be funded in the typical way that a business product would be funded. We would create a non-profit organization with the goal of getting this law passed and first ask for donations from the public. Our next goal would be to talk with senators and hire a lobbyist who could convince state senators to hold fundraising events if they believed in passing the law. At these fundraising events wealthy donors would contribute money in an effort to get the law passed.<\/p>\n<p>If the law was passed, the funding would then come from the state budget which allocated money to the Oregon Department of Education who would then create the curriculum and fund the implementation of the classes and then funding from their budget would be divided between schools.<\/p>\n<table dir=\"ltr\" style=\"margin-left: auto;margin-right: auto\" border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<colgroup>\n<col width=\"241\" \/>\n<col width=\"100\" \/><\/colgroup>\n<tbody>\n<tr>\n<td colspan=\"2\" rowspan=\"1\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Potential Funding Sources&quot;}\">Potential Funding Sources<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Source&quot;}\">Source<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Amount&quot;}\">Amount<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Public Donors&quot;}\">Public Donors<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:50000}\" data-sheets-numberformat=\"{&quot;1&quot;:4,&quot;2&quot;:&quot;\\&quot;$\\&quot;#,##0&quot;,&quot;3&quot;:1}\">$50,000<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Private Donors at Fundrasing Events&quot;}\">Private Donors at Fundraising Events<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:150000}\" data-sheets-numberformat=\"{&quot;1&quot;:4,&quot;2&quot;:&quot;\\&quot;$\\&quot;#,##0&quot;,&quot;3&quot;:1}\">$150,000<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Total&quot;}\">Total<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:200000}\" data-sheets-numberformat=\"{&quot;1&quot;:4,&quot;2&quot;:&quot;\\&quot;$\\&quot;#,##0&quot;,&quot;3&quot;:1}\">$200,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>What would this course cost to prototype? Although the cost of the project would be taken on by the State of Oregon we will provide a cost estimate for designing the course. According to How much does it cost to develop an online course? by Sergiy Movchan it would take $3,150-$13,175 for 1 hour of&hellip; <a href=\"https:\/\/blogs.oregonstate.edu\/thepromiseoftechnologyproject\/financial-literacy-high-school-course\/funding-for-the-project\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":12503,"featured_media":0,"parent":133,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-174","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/blogs.oregonstate.edu\/thepromiseoftechnologyproject\/wp-json\/wp\/v2\/pages\/174","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.oregonstate.edu\/thepromiseoftechnologyproject\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/blogs.oregonstate.edu\/thepromiseoftechnologyproject\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.oregonstate.edu\/thepromiseoftechnologyproject\/wp-json\/wp\/v2\/users\/12503"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.oregonstate.edu\/thepromiseoftechnologyproject\/wp-json\/wp\/v2\/comments?post=174"}],"version-history":[{"count":13,"href":"https:\/\/blogs.oregonstate.edu\/thepromiseoftechnologyproject\/wp-json\/wp\/v2\/pages\/174\/revisions"}],"predecessor-version":[{"id":408,"href":"https:\/\/blogs.oregonstate.edu\/thepromiseoftechnologyproject\/wp-json\/wp\/v2\/pages\/174\/revisions\/408"}],"up":[{"embeddable":true,"href":"https:\/\/blogs.oregonstate.edu\/thepromiseoftechnologyproject\/wp-json\/wp\/v2\/pages\/133"}],"wp:attachment":[{"href":"https:\/\/blogs.oregonstate.edu\/thepromiseoftechnologyproject\/wp-json\/wp\/v2\/media?parent=174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}