That makes it worse honestly. You can go hundreds of thousands of dollars into debt getting a BA in the humanities from a university whose tuition is increasing at 2x inflation, but society encourages that choice by giving the BA outsized value in unlocking professions like "salesman" and "firefighter." Meanwhile people are so under the weight of their debt that addressing it is a political issue at the national level, but so far the leading proposal is a one-time debt forgiveness package, which does nothing to address the structural issue.
Here we have a new college that is expressly trying to reduce costs substantially, while offering practical skills in in-demand trades. That sounds like a welcome correction to me. The idea that it is a "grift" only makes sense in an environment where society has made "accredited BA" the arbitrary entrance criteria into the professional class.