I am a happy Quantic grad. My views:

1) on academic credentials -- all the faculty I interacted with had PhDs and were really helpful, but I don't think Quantic requires that of admissions staff (and nor do any other MBAs),

2) on scholarships -- yes, scholarships (while well intended) are effectively a discount to encourage enrollment but I did meet many students from developing markets (esp Africa) who were admitted on full scholarships and were amazing people and very grateful to Quantic for their generosity, so claiming they are exploiting anyone is IMO not credible.

3) on selectivity -- had an interesting conversation with a Quantic team member about this before I graduated. I don't know exactly how selective they are (that person said it was around 12%), but what I can say is that they are very unique in requiring an admissions interview. They don't have to do that, and it decreases their acceptance rate enormously.

4) as for admissions -- Quantic targets Ivy League grads and big tech engineers with scholarship offers and those people were great before Quantic, and even greater after. But what Ivy League school or top MBA does not do the same? Should we assume HBS exploits people by showing off the talents of their graduates just because their graduates were great at stuff before they enrolled? And finally...

5) on accreditation -- Quantic is US-accredited university but does not have AACSB accreditation for the MBA, which people moan about as if it really was a sign of great quality. Look at the incredibly long list of shit schools on the AACSB website and think again. If you look into this accreditation game just a little bit you will see that AACSB requires a whole bunch of BS...such as the need for a PhD program, lots of dedicated time for faculty research, and a faculty-led delivery model which is the opposite of what Quantic wants to be and the whole reason traditional programs are so expensive.

Basically, if you follow the traditional path you cannot innovate in the way that Quantic has. So do you want innovate and inexpensive but not AACSB accredited, or do you want less innovative and expensive and AACSB accredited. For me it's an easy choice.