These programs exist to make money for some people. As to what people do with such a degree, they receive a hefty loan that they have trouble paying back for a long time.
These programs exist hoping that people enroll without looking at the fine print. For what you want to do (teaching, research), this is an incredibly competitive field, particularly when it comes to positions that actually pay well (tenure track). Job openings are not that numerous, and there are usually many applicants for these positions, many from top research programs, with numerous high IF publications and a history of obtaining grants. This particular program will give you none of that. I can honestly not think of a single job in psychology at the masters level or above that this program would open doors for. It's not licensable, so you can't make money there, and no tenure track position would even consider an application from this institution. For a faculty research/teaching position, this degree is a n0n-starter.