Personally, as a bootcamp grad (not from Flatiron), I wouldn't necessarily call the fine bullshit. If you scream the manipulated numbers and stick the details of the manipulation somewhere where very few people are likely to ever look, I kinda think you should get smacked down. The problem I have is that that same standard isn't applied to lots of other areas of education, including some (like the utter scam that is T3 and most T2 law schools) that are doing way, way more damage to way, way more people than every coding bootcamp in the country put together.
I have friends who went to a T3 law school in the Midwest. The total cost of attendance is estimated at $62,500. The bar passage rate is around 74% (#157 nationally). On the marketing site reporting their stats, they tell prospective students that "nearly 75% [of] class of 2016 students [are] employed, pursuing further education, or not seeking employment", but when you actually dig into their ABA disclosure numbers (tucked away on a subsite, clearly obscured), you can see that only 73 of 127 grads are employed in full time, long term positions that require a JD. Since the reason most people go to law school is to get into those kinds of positions, it is more accurate to describe the employment rate as "around 54%". And from knowing some of the people graduating, I can tell you that the salary at those positions isn't great. Average starting salaries hover in the $50-55k range (self-reported, so...with a huge caveat). Given a price of $187,500, that level of bar passage, employment rate, and salary is criminal.
That's a real scam, and it's replicated all over the country in hundreds of terrible law schools, and most of them have the imprimatur of a legitimate educational enterprise via their associated universities and the tacit or explicit support of large chunks of society. And it's only now, after two decades of the problem getting worse and worse, that states are starting to crack down on the worst offenders (while the ordinary every-day criminals, like the school in the previous paragraph, are allowed to go unchecked). I would appreciate if the scrutiny being applied to bootcamps (which I think is necessary and important) was applied equally to other potentially-scammy educational enterprises, no matter how long-running the con is.
Good comment. I recommend law school transparency for anyone navigating admissions. They have excellent display tools for the stats, including the real employment rate, and real debt costs including cost of attendance.
It’s truly a horrifying scam at the lower ends, and eventually something will give.
I have friends who went to a T3 law school in the Midwest. The total cost of attendance is estimated at $62,500. The bar passage rate is around 74% (#157 nationally). On the marketing site reporting their stats, they tell prospective students that "nearly 75% [of] class of 2016 students [are] employed, pursuing further education, or not seeking employment", but when you actually dig into their ABA disclosure numbers (tucked away on a subsite, clearly obscured), you can see that only 73 of 127 grads are employed in full time, long term positions that require a JD. Since the reason most people go to law school is to get into those kinds of positions, it is more accurate to describe the employment rate as "around 54%". And from knowing some of the people graduating, I can tell you that the salary at those positions isn't great. Average starting salaries hover in the $50-55k range (self-reported, so...with a huge caveat). Given a price of $187,500, that level of bar passage, employment rate, and salary is criminal.
That's a real scam, and it's replicated all over the country in hundreds of terrible law schools, and most of them have the imprimatur of a legitimate educational enterprise via their associated universities and the tacit or explicit support of large chunks of society. And it's only now, after two decades of the problem getting worse and worse, that states are starting to crack down on the worst offenders (while the ordinary every-day criminals, like the school in the previous paragraph, are allowed to go unchecked). I would appreciate if the scrutiny being applied to bootcamps (which I think is necessary and important) was applied equally to other potentially-scammy educational enterprises, no matter how long-running the con is.