u/toiukot0 wrote (the comment Michael replied to):
Thanks, that's really helpful information!
u/michaelnovatireplied·
In 2021, according to their own data, in the SWE program, about 29% of people graduated within 150% of the expected time (and 7% graduated on time). So a lot of those ISAs are not being cancelled....
u/starraven wrote (the comment Michael replied to):
It says paid job not graduation? What am I missing?
u/michaelnovatireplied·· edited
The job guarantee kicks in once you graduate, if you meet certain requirements. So if you don't graduate, which it seems like most people don't, you don't get any money back.
Bloom Tech has moved in this direction as well. They quote the amazing placement rate amongst graduates, but the rate is amazing because they make it very hard to graduate. Meeting the criteria to graduate is an arduous journey and self selects for those who are likely to get jobs. The people lost along the way pay reduced refund rates and cut their losses or blame themselves for not being able to make it.
u/CodedCoder wrote (the comment Michael replied to):
This is not completely true. Springboard has a really good reputation for giving multiple extensions and not canceling the money-back guarantee. I have had many students tell me that they worked with them and extended them for months without issues.
u/michaelnovatireplied·· edited
The statistics I’m using are from their 2021 California government report on their website and the program length is listed as nine months. Which means that only 29% of people graduate within 14 1/2 months so while they might give extensions and not cancel the job guarantee. Ultimately people are not graduating. I actually don’t think this rate is very low and I’m not complaining about that, I’m just saying that the job guarantee might seem extremely appealing and you might feel like spring worth a safe bet to get a job but in 2021, 71% of people didn’t graduate in 14 1/2 months. So if you were aware that it might take you years to get a job and you may not pay anything for years I think that’s still a pretty good deal but just something to be aware of that it’s not gonna happen in nine months and you need money to live off of during that time.
u/CodedCoder wrote (the comment Michael replied to):
yeah but what I am saying is I personally see and work with students who went past that graduation time and still get the guarantees, as I said, the biggest compliment I hear about Springboard is how willing they are to work with people before cancelling something, the worst thi
u/michaelnovatireplied·
Yeah I think Colt Steele is great! We've talked to Springboard years ago as well and no complaints about the motivations and goals. Just trying to make sure people see how these things actually work so they don't go the right program for the wrong reasons.
u/FiveGuys1Cup wrote (the comment Michael replied to):
Hi, I just saw this thread. I’ve applied and been accepted to the Software Engineering Springboard bootcamp. I was going to use the deferred tuition option, but you are saying it will take years to get a job through the camps education? Can you elaborate why?
u/michaelnovatireplied·
You should download and read the report here: [https://www.springboard.com/outcomes/](https://www.springboard.com/outcomes/) (requires email for full report)
And from here: [https://ddf46429.springboard.com/uploads/resources/1675095611\_Performance\_Fact\_Sheet\_SEC\_12.2022.docx.pdf](https://ddf46429.springboard.com/uploads/resources/1675095611_Performance_Fact_Sheet_SEC_12.2022.docx.pdf)
I don't want to misrepresent any of the raw data.
The point I was making was that even if the "placement rate" looks good, it's based only on people who graduate and since the majority of people don't graduate.
The fact sheet says clearly that for 2021, only 29% of people graduated within 150% of the published program length.
u/FiveGuys1Cup wrote (the comment Michael replied to):
Yes, thank you. I hadn’t given much thought to graduation rate (stupid of me) because I just assumed I would graduate from the program. From your personal opinion, would you recommend Springboard software engineering bootcamp?
u/michaelnovatireplied·
There are different programs for everyone s I can't say for sure!
The content is self paced - which is good if you are motivated to complete it on your own. The mentors work in the industry, and while they aren't necessarily all very experienced, that's different from other programs where mentors are all graduates of the program itself. The content was developed with Rithm and Colt Steele and is fine.