"Under today’s agreement, Flatiron will pay $375,000 in restitution to eligible graduates"
That's better than a fine. Though, it does mention 1000 students total, so perhaps not enough.
That's better than a fine. Though, it does mention 1000 students total, so perhaps not enough.
Let's assume a very conservative estimate of 800 students doing 1 of online work, and 200 students paying $12k for a class. That works out to $1.2M in online tuition, and $2.4M in in-person tuition. Given how conservative my estimate is, $375k seems like a pittance for operating without a license and lying about success rates.
In the end, when the truth is revealed, each eligible student gets only $375? That might be enough for some raw denim. Who cares about any kind of certification? Real penalties for false claims alone would do it. How about providing each student with that salary they signed up to the program for for a full year? I have a feeling the teaching would get a whole lot better and the admissions process would keep the program small and help with individual mentorship. Not only are these programs wasting students' money, but they are eating up their time in a youth-favoring labor landscape. These schools should have to pay hefty restitution to every student who, encouraged by the so-called "verified", robust outcomes, signed up, and who eventually stopped doing their online course mid-program because they correctly assessed the bootcamp's lack of honesty/interest/vigor regarding the post-apocalyptic tundra that is the web-dev software employment landscape for career changers just entering it.
If a student/grad gets more employer response from a résumé with the "well-respected" bootcamp removed from it...is that something that gets a bootcamp to hold a school-wide pow-wow to brainstorm ideas on how to approach the issue? Does the director send everyone a sincere and heartfelt apology for that? Are there transparent steps taken to get to the bottom of the issue and change it? No, the problem(s) get buried deep under the suffocating culture of infinite positivity that is designed to mute productive critique (that critique, if encouraged, might inspire positive change).
The current students and grads talk to each other and find out just how few employers are interested in bootcamp grads, and of those employers the even smaller group who is interested in bootcamp grads who are also career changers and let's just say "those who are not an obvious culture fit".