hey, i'm in the same boat.
i haven't tried the program yet, obviously, as i am also a freshman, but i can tell you that it is "legit" (if you're asking whether or not its a scam or a program with terribly inaccurate advertising).
i recommend finding someone on your campus who has gone through the program. that will reassure you of its 'legitimacy' and probably be more informative than college confidential. yesterday, i talked to three sophomores who had spent their previous summers participating in this program.
they all generated a total revenue above $10,000 each.
the payout/profit is completely contingent upon your own efforts/success (keep in mind you must subtract costs for payroll should you hire additional tutors or for supplies).
the idea is that you are fully autonomous in sizing up the demand in your target area, generating interest, getting program subscribers, and retaining customers. the more students you get, the higher your profit. so far from what i've heard, 25 students is the average. some really successful branch managers have gotten 40 students (and thus higher profits).
from what i heard, half the time/summer is spent on your own doing marketing and setting up the logistics of your tutoring program. the other half is the actual tutoring, and they train you in tutoring.
the main point of this program is not really education, but business. you learn a wide range of business skills (public relations, advertisement, etc). generally you tutor the students yourself, but that doesn't make it any less of a business. the quality of your tutoring is essentially your product, and you need to market that extremely well to keep the students coming.
if you google it theres a website w. more info.
i'm still contemplating if i want to apply to this, since it does seem a bit intimidating. we'll see. hope this info helped!