This shouldn't be news, nor should for-profit colleges be singled out for derision: lots of people waste borrowed money on useless degrees.
After graduating from the Art Institute of Fort Lauderdale, Carrianne Howard hoped to find a job in the video game industry.
She did -- kind of. For $12 an hour, she worked as a recruiter for video game companies. And then her position was eliminated. So now, she's working as a stripper.
According to Bloomberg, Howard spent $70,000 on her degree from the for-profit Art Institute of Fort Lauderdale, the parent company of which is owned in part by Goldman Sachs. She told Bloomberg that upon a pre-enrollment visit to the school, a campus tour guide "made it sound like [she] was going to make hundreds of thousands of dollars."
Heck, at UCLA they had a whole department dedicated to studying women, but it sounds like Howard it going to eat their lunch.