For many who want go in thinking it will help their prospects as reporters, however, they are disappointed. Several friends went right back into their old newspaper jobs with just a $2-3k raise and a new title. Others spent 6 months to a year writing for free or stringing until they could land a full-time job. Many went into marketing and PR where there are real jobs that pay decently.
It's getting harder and harder to find work as a reporter. meanwhile these schools keep churning out newly minted grads who think having a bunch of clips will be enough. It's worrisome.