Oh great more developer puppy mills, except this time secured by the federal government!
What a great handout.
What a great handout.
The good ones will do well for a while until the bad ones get better at marketing. As they get better at marketing, more dollars will go to them and draw people who don't have the aptitude to be successful in the field. Then those people will - rightfully! - be pissed when they don't get $100k+ jobs and demand that "something be done about this!" And then the good schools will get screwed.
I'd rather see a salary-based payback program where a candidate pays back X% over the next N years, up to $Y.
That might motivate the schools to help in placement and encourage them to teach how to stay relevant beyond the JS framework of the week.
I don't think those WITH the aptitude are qualified for a $100K job. For those who know just what they learned at a bootcamp, I'd think they're prepared for a $20-30K job where they apprentice and OJT their way up to the junior level.
Consider the folks who are signing up for this--people who by definition either don't have the background required to do this industry work or who are returning to retrain.
In either case, they are probably not going to be making top wages starting out, and with the federal aid assistance the prices for bootcamps across the board will go up. So, they'll have a larger amount of debt to pay back if they get a job--at the exact same time the competition for the types of jobs they are trained for increases dramatically.
It's a setup, and I hope a bunch of people don't get burned.
That money could have been spent on competent people and the investors may have even come out with something to show for it.