Long story short, I do understand the perspective of the original poster. However, with the rapid growth of the internet, I also do understand the "quit complaining" mentality.
I think the legal term for this is "puffery." Not illegal, but not necessarily kosher to me. The program I went to and later instructed for wasn't a terrible offender, but I think they should have been more honest. Myself and another insructor pushed for more realistic cost estimates and job outlooks on the school advertisements. We got a bit of resistance and blowback suffice it to say. As one small example, a prospective student asked me what a flight instructor makes. I told them an honest range of income-from 10 to 20k a year on average. This was overheard by management, and I was chastised for "scaring away business."
On a related note, it is not just aviation students who are feeling over-promised by their schools;
Law Schools Sued for Misleading Applicants About Job Prospects
Law school grads suing alma maters for overhyping post-grad employment guarantees | Red Alert Politics