I don’t have any firmly held opinions on for-profit schools since I never attended one. My impression, however, is that many of them do a disservice to their students by taking in most anyone with the money to pay for it, then passing them through to graduation despite knowing full well that their career chances are iffy at best.
It’s been a long time, but I attended a large state university’s design program. There was a required portfolio review before entering the program, and it was my understanding that most were not accepted. There were about 40 students in the program on that first day. By the end of the first year, that number was reduced by, probably, half due to students quitting. At the end of that first year there was another portfolio review that cut the number allowed to move on to the second year by another half. At the finish of the four-year program only five of us graduated. As far as I know, only three of us are still working professionally in the field.
As you mentioned PD, a due date was inflexible and missing it resulted in an automatic fail. No one got to pick their own assignments. Last-minute assignments which due the next day were common, even when it obviously meant staying up all night to finish the work. It was a rough year.
Later on, when I went back for my graduate work, I actually got to teach one of those first-year design courses. I was told to be very tough since failing to do so would just waste students’ time and money who were unlikely to make it professionally. Washing those students out of the program who probably couldn’t make it was regarded as doing them a favor.
One thing my university’s program failed at, however, was a realistic approach to the profession. The classes, for the most part, were taught by academics who approached design as a fine art instead of a business-oriented endeavor. After graduation, it took some time to unindoctrinate myself from that point of view, which was probably just as tough of an education as the previous four years in school.
As I’ve mentioned before, where I work now we don’t consider design applicants without four-year degrees in design or closely related subjects. We’ll look at applicants who graduated from the four-year, for-profit schools, but honestly, very few of them make the cut to an in-person interview. There are exceptions, of course, but a quick glance through the portfolio pieces submitted as part of the application process quickly eliminates most. I can’t remember of an online-only school graduate ever making it into an interview with us. I’m not saying it couldn’t happen, but it hasn’t yet.