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Go"Very Good, but not Perfect"
The pass/fail system is a double-edged sword. I found I did not push myself as much once I realized they don't calculate a GPA. On the other hand, this allowed me to accelerate my program by focusing more on my It classes and less on the basics (ex. social studies). Self-pacing is a bit misleading, as your mentor errs on the side of caution to keep students from taking on more than they can handle. You really have to prove yourself and be patient with the process itself to speed things up.