The fact that the educational institution takes on the risk of graduating students who cannot get jobs is a welcome change from the consumer's perspective. But

The fact that the educational institution takes on the risk of graduating students who cannot get jobs is a welcome change from the consumer's perspective. But I fear at scale (and even now) it's paid for by higher prices. See my comment below -- at standard SV salaries, they're burdening students with much more "debt" in two years than typical four year institutions. And it's not like the unemployment rates for CS majors are atmospheric... most CS majors with the social skills to make it through the non-technical portion of an interview will find a job somewhere.