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To many students and career-changers hoping to gain programming skills and break into the lucrative tech world, coding bootcamps can seem like a promising option.

Since 2012, such聽, intensive technical training in as little as 12 weeks, boasting job placements as high as 98 or 99 percent once students complete the program.

But while advocates pitch them as an alternative to a traditional degree program, 鈥� often as much as $14,000 鈥� noting that they aren鈥檛 overseen by traditional third-party accreditors, unlike many other institutions, including for-profit colleges.

The bootcamp credibility debate takes place against the backdrop of a federal panel's of for-profit colleges on Thursday. The move to shutter the Accrediting Council for Independent Colleges and Schools came after criticism from the US Education Department, which has noted that ACICS had repeatedly accredited schools such as the troubled Corinthian Colleges.

But coding bootcamps, which are often backed by venture capital funding, have gained a champion in Education Department Undersecretary Ted Mitchell. He鈥檚 as a way to help broaden access to high-quality education for low-income and non-traditional students.

鈥� and we must do whatever we can to open the doors to higher-ed opportunity for learners who are not adequately served,鈥� Mr. Mitchell told EdSurge in October.

Last fall, the department that would allow traditional institutions 鈥� ones that partner with coding bootcamps and agree to a third party audit 鈥� to be eligible for federal financial aid.

The department鈥檚 program, known as Education Quality through Innovation Partnerships (EQIP), allows the programs to be audited by a third-party 鈥淨uality Assurance Entity鈥� of their choosing, while the college's own accreditor must also approve.

The federal support comes amid long-running questions about how the coding bootcamps arrive at their job placement numbers.

鈥淥ftentimes, boot camps will make these numbers up,鈥� Jonathan Lau, co-founder of SwitchUp, an independent directory of bootcamp reviews and rankings in February. 鈥淭hey鈥檒l exclude students who they think were bad and mark them as a failed student and do all sorts of weird things that bump up their numbers and make it look better. With a third-party auditor, you can鈥檛 really do that.鈥�

In March 2015, a group of some of the most prominent coding bootcamps, including New York鈥檚 Flatiron School and San Francisco-based App Academy promising to release standardized, audited reports on student outcomes each year. But nearly a year later, IBT reported, only the Flatiron School has released an audited report.

Last year, the school based on an audit by Moody Famiglietti and Andronico, a Massachusetts-based certified public accounting firm.

Out of the 205 students (or 84 percent) who were considered to be 鈥渏ob seeking鈥� 鈥� or working with the school鈥檚 job placement services 鈥� Flatiron says 55 percent got a job within 30 days of beginning their search, while 98 percent were placed after 120 days.

Beyond the numbers, how students should pay for the programs is another concern. That鈥檚 fueled a move towards startups, including Skills Fund and Earnest, that lend students money .

鈥淢ost of our programs have guaranteed financing,鈥� Shawn Drost, a co-founder of San Francisco-based bootcamp Hack Reactor told NPR last year. 鈥淲e ship the private lenders our sheets of graduates and defaulters and they end up charging like 10 percent interest, and students pay it back within in a year."

Affirm, a company headed by Paypal founder Max Levichin, lends to riskier boot camp borrowers at to 30 percent.

While it鈥檚 not an exact comparison, the Education Department鈥檚 for graduate and professional students is currently 5.84 percent and students make payments for a much longer period.

For some longtime observers, giving schools access to federal loans or Pell Grants could raise some of the same problems students faced at for-profit colleges.

Since none of the programs have directly begun accepting federal student aid, notes Robert Shireman, a former Education Department official, that also limits the options for low-income students.

鈥淚t is worth remembering that the for-profit college scandal, which is still in the process of being cleaned up, began as a noble effort to allow companies to gain access to federal funds only if they ran innovative training programs that led to good jobs,鈥� Mr. Shireman, now a senior fellow at the Century Foundation, in September.

鈥淲e must be careful that, in opening federal aid to coding boot camps, we do not let that happen again.鈥�