I’ve taught for two different for-profit colleges as an adjunct professor (zero benefits, no job security, and a wage slightly below minimum). This little Adult Swim video is only just barely satire. In fact, only the H.O.W.A.R.D. aspect of the narrative is over-the-top.
Couple this with John Oliver’s breakdown of student debt and you can get a sense of just how bleak education is in the US right now.