This is an interesting idea on a huge scale. As long as the kids realize they aren't going to college, this is an apprenticeship program. There are not going to be school teachers, bond traders and what not coming out of this program. There will be electricians, riggers, welders, so forth....none of them are bad but it is a long long way from college.
They will graduate with a job waiting for roughly 60k on a 40 but they will most likely work a bunch of OT. Probably be making 75k or so plus bennies within a year of "graduating". It is fine career path as long as you understand what you are buying into. If you look around the website closer you will find they also have applicants for college interns in many white collar fields.
Bottom line this is a private training academy for a private company for the trades - it has nothing to do with college.