In addition to the points above, if you decide you are unhappy at a for-profit, your credits transferring to a new institution (even community college) are unlikely. Worst case scenario, the college closes before you get your degree. Then you’re left without a degree and in debt.
The drop out rates are extremely high as well as the overall educational quality being poor, I think the last number I saw suggested an upwards of 70% dropping out before a degree. I’d rather go to a school that kept 70% of enrolled students, not lose them.