I believe Lambda School is effective, though something about being alone at home in front of my computer for 12-15 hours/day for 6 months straight, even with remote office hours and chatting with other students, makes me think I'd feel extremely lonely.
Many people attend commuter schools where you don't necessarily get the networking, friendship, and dating benefits. I think in Europe many students live at home which is part of the reason why educational costs are generally lower there.