Colleges are seeing smaller and smaller percentages of their graduates find employment in their fields.
They go from the line to get diplomas to the unemployment line.
Most college degrees aren't worth the paper they're printed on. I went to night school 15 years ago to get my bachelor's degree only to be told on the last night of class that bachelor's degrees were a dime a dozen-- to really get ahead I needed to enroll in the masters program.
At that point I decided that any degree which required that I be hired on by someone else was pretty risky, so I took the LSAT, thinking that if it was a crummy job market when I got out of law school I could always hang my shingle.
Now there have been some lean times, but never so bad that I wasn't making a living, even if that meant I was doing "contract research" for other lawyers.
College advertising is still advertising. Caveat Emptor.