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I highly recommend reading Vincent Woo's piece about Lambda to understand the criticism better with actual evidence. https://vincentwoo.com/2020/05/19/on-lambda-school/

It's also arguably not an equivalent comparison. Many people attending these bootcamps have already graduated college and tend to forgo work to attend - there is a huge opportunity cost even if they don't directly lose money. I have no reason to believe the model wouldn't work, but there's ample evidence that the implementation of the model via Lambda is flawed.



People also forgo work to attend college so that equivalency argument works perfectly, except that college isn’t free so the expense is higher.


And there isn't a huge opportunity cost attending colleges?




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