> the school can still reach profitability by enrolling 2,000 students a month while only placing less than half of its graduates in qualifying jobs.
>Class sizes are like 150 students to one instructor — I've only heard that number going up
I don't see what the problem is here. For students, the only cost associated with Lambda is the opportunity cost. The incentives are still aligned here -- the school wants people to get placed. It can't "scam" students with higher teacher:student ratios or bad curriculums without hurting its bottom line. If it's failing at teaching students, that's incompetence, not a drive for profitability. If only 40% of students get placed -- that's still 40% more than would have been placed without Lambda, right?
>"Those students that are in the bottom 10%, why would they invest resources into helping those students succeed? Just let them fail out after six months"
...exactly? You are going to school for free. The school is not obligated to waste resources on students falling behind, because those students aren't paying anything.
If you think 6 months of wasted time is a bad deal, just wait until I tell you about this other educational program that lasts 4 years, costs over $100,000, and has a much lower placement rate: Your local university's liberal arts degrees.
Still, it's unfortunate to hear that Lambda is playing the same placement-rate games as bootcamps. I'm surprised they have to do this at all; if I was running admissions, I would be extremely selective, only accepting extremely bright students that I feel the university system had "missed," to get placement rates as high as possible. Maybe they try to do this, and this is just a sad sign of the state of non-college education opportunities?