Not to get into too much detail, I worked for a place that did collections for for-profit colleges. It was depressing to hear some of the stories the students h

Not to get into too much detail, I worked for a place that did collections for for-profit colleges. It was depressing to hear some of the stories the students had. But the overall theme was exactly what you said: 1. Kid has no guidance / reference point / doesn't realize it's a scam. 2. Promised amazing education and career. 3. Takes on 50-100k of debt in 2 years. 4. Get "placed" in $12/hr job with random hours and the college marks their placement rate as 99%.