Well, I can personally attest to this practice being used by Scottsdale Culinary Institute. My former brother-in-law was promised all kinds of things by their representative, spent 35K (all loans), and then could only find jobs in the far back part of restaurant kitchens chopping vegetables along with a bunch of illegals. Extremely stupid on his part, but SCInstitute did make specific promises about all kinds of glamorous jobs.
What is the old adage: a sucker born every minute and two to take his money. All these for profit colleges are doing is building upon the business models of most other “higher education” programs. Most of these schools are just like their models except they have no endowments. They are simply the modern day equal of getting a degree from a school known as “close cover before striking match university.” Of course, with the advent of the federal government throwing money at the wall and hoping some of it sticks resembling a useful degree, what did anyone expect. Yeah they got scammed...so has the taxpayer. The education industry and its fellow travelers move on.