You make an excellent point about for-profit schools vs local community or state run colleges. There is also a possible conflict of interest within the private for-profit education system in that the various colleges gain approval of the loan applications via their "sister" companies, i.e. loan agencies owned by the parent companies.
Bottom line - recruiters are always looking for young, talented individuals. It won't matter if you made your way through college with pell grants, student loans, or took 6 years working full time to get your BA degree. What counts is whatever you study, be sure it makes you happy.