How does the bootcamp refund work if I fail into 90% of the process?

They aren't officially a bootcamp but are kind of a bootcamp in disguise. They take almost anyone and they put you through a bootcamp-like training that is aimed at getting you ready for specific clients they have projects for. If you pass some tests and possibly an interview, you get assigned to a company and get paid around $40 to $50K a year which goes up in the second year to something like $60K (these are estimates/examples based on people I know, not the current numbers!) but you are doing like 80K+ level of work. You never pay Revature directly, but you pay by being underpaid for two years after placement. And if you leave your contract without being bought out, you owe penalties fees of somewhere around $20K (which is the cost of a bootcamp...)

I'm talking about the on paper version of what they are trying to do. I suggest researching how that has actually worked for people to get a sense of when it works and doesn't work. For example, it doesn't work when a CS grad doesn't realize what they are signing up for and loses out on $100K+ of lost income as a result. It also doesn't work if the contract company fires you, or doesn't give you any work to do... which sounds funny but has happened. 50K is kind of a "drop in the bucket" for big tech, that's barely more than San Francisco's minimum wage, and the companies you get contracted to sometimes don't treat you great, and sometimes you are a contractor for a contractor for a contractor (yes 3 layers, e.g. you are W2 for Revature assigned as contractor to Cognizant assigned a contractor to X, who is building something for the government (under a contract). And X is treating you as a warm body who can type.