Yep, that's a big problem. And if I'm remembering correctly, that problem was vastly worse with the for-profit schools (actual for-profit like Capella and WyoT

Yep, that's a big problem. And if I'm remembering correctly, that problem was vastly worse with the for-profit schools (actual for-profit like Capella and WyoTech, not privates like Harvard or Georgetown, which are still non-profit). And for the average graduate, yeah, it usually works out in the end, but there can definitely be cash-flow problems in the early phases of careers (thinking about teachers and other "service" jobs that require/prefer college but don't pay well).