As someone who started his career going to one of these places, I really take offense to your comment. These schools definitely bilked people, taking ANY applicants even though they said that they would test your aptitude first. It got way worse when they were able to get governement funding instead of just plain tuition.
I took an MSCE class that barely anyone completed the ceritificate testing for. I was completely green and hadn't even worked in basic tech support. I busted my ass studying and getting hands-on, thinking it was my own lack of knowledge and scored higher than others even though I had no formal background in IT at all.. There was an older guy in the class who didn't know the difference between Internet Explorer and Windows Explorer for christ's sake. My dad paid for the schooling and I felt obligated to make it work. Recently married, I also was on the verge of becoming a dad, so i felt even more pressure.
So yes, while the basic idea of your comment is definitely true, you clearly don't realize the extent that these schools went to to take just about anybody. It's easy to assume self-entitled whelps are complaining because actual work is involved but there definitely was foul play as well.
I got lucky in that my first job was for a fledgeling mortgage company with no servers (which I was really not for at that time), doing tech support and I was able to grow with them as they expanded with more branch offices, etc. The old me finishing school was in no way ready to be responsible for server/network equipment at that part of my life. But the school sure as hell set me up for that idea. And yes through hard work to learn the proper way to do things instead of hacks and through tons of googling, I've found success and have advanced.