I wouldn't say they are selling shovels. They could easily charge an upfront free and eliminate the risk of a student not finding a job or not paying upon placement.
Changing that model, however, would have been cost prohibitive for me and I'm sure a lot of other people.
Re:App Academy's (Real) Tuition Model
by ThrustVectoring on Friday June 26, 2015 @01:50AM
(#9782688)
They're better off owning the risk - it makes them a more competitive candidate for smart people with relatively little money.
I'm not impressed but I'm also entirely unsurprised.