Often advanced degrees at universities are much more expensive (http://datascience.berkeley.edu/admissions/tuition-and-finan...) than an intensive program such as Zipfian and take much longer. I hope that private education institutions (such as GA, Hackbright, Dev Bootcamp, etc.) can coexist happily with traditional universities, as they each fill a different niche. Universities are in the business of training researchers and professors (and do a great job at that) while alternative educational companies aim to produce industry practitioners (similar to trade schools).

I highly recommend internships and they are wonderful if you can get one. Unfortunately not everyone can be so lucky, either due to lack of experience/technical abilities or an advanced degree (not everyone goes to college). I believe these alternative educational routes are democratizing such industries and many of them offer scholarships and tuition assistance programs.