Legislation introduced this week in Washington, D.C. aims to close a loophole that encourages unscrupulous for-profit colleges from taking advantage of military veterans in enrollment practices.
The Military and Veterans Education Protection Act would discontinue the current practice of allowing GI Bill funds and other defense-related education programs from being counted as "private funding" by for-profit schools, which are required to have at least 10 percent of their revenue from private sources. Due to the loophole, unscrupulous for-profit schools target veterans in an effort to lure them to enroll in their programs, thereby helping the schools' satisfy their 10-percent requirement.
A host of Democratic Senators introduced the bill this week in the U.S. Senate, including Sen Al Franken (D-Minn), Sen. Jim Webb (D-Va.), Sen. Tom Casper (D-Del.), and Sen. Tom Harkin (D-Iowa). A report on the bill can be read here.
Deceptive enrollment practices are a chronic problem in the for-profit school industry. If you have a concern about a for-profit school and its tactics, share it at www.forprofitschoolwatchdog.net.
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