Funny, I had this idea as well. What about abstracting the app academy model and vying for investors instead of donators? That is, people could donate money in exchange for x% of the applicant's first year of income after coding school.
Definitely something we've thought about, and it's similar to what Upstart offers bootcamp applicants. Our only hesitation was that it's a debt-based solution, which is something that we want to avoid at all costs. Contributing to the growing student debt amount doesn't seem like the right move. Taking the step to change your life through empowering yourself with skills should be easier, and we want to reduce roadblocks as much as possible.
True, it's a debt-based solution, but the most innocuous of debt-based solutions. But, I like your sentiment/mission statement.