For-Profit Colleges and the GI Bill: A Worthwhile Investment?
Abstract
The proliferation of for-profit colleges and questions about their recruiting tactics and program quality has caused concern among educators and legislators for quite some time. This issue also has been a concern within military and veterans communities because of the number of servicemembers and veterans who choose to use their tuition assistance or GI Bill benefits at for-profit colleges. The enactment of the Post 9/11 GI Bill has made this a more urgent problem for two reasons. First, a larger number of servicemembers and veterans are using these benefits at for-profit colleges. Second, as for-profit colleges seek to stay within the mandates of the 90/10 rule, which requires that they receive at least 10 percent of their revenue from non-federal funding sources, they are aggressively targeting servicemembers and veterans eligible for GI Bill benefits because those benefits do not count as "federal" benefits for purposes of the 90/10 calculation.
Document Details
- Document Type
- Technical Report
- Publication Date
- May 12, 2012
- Accession Number
- ADA592819
Entities
People
- F. D. Raab