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> things have been going badly across the board for more than 50% of students

How does this compare to traditional colleges? We hear a lot about students saddled with massive debt and useless degrees, but I don't have a good sense of what percentage that is.

And my understanding of Lambda is that you don't end up with debt if the school fails you?

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It's much worse, though. If you fail out of college, you can still transfer many of your credits years later to another institution, and simply having "some college" on your resume is enough to get your foot in the door at a lot of places. Having "some bootcamp" is not going to have the same effect (in some cases some college plays better than having graduated from a bootcamp, even), plus the debt you have is not subsidized by the federal government in any way.

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