Video: Profiting from the GI Bill

Source: Aaron Glantz, Adithya Sambamurthy, Center for Investigative Reporting, July 7, 2014

The post-World War II GI Bill helped veterans live the American Dream. But a new GI Bill designed to help those returning from Iraq and Afghanistan is coming under fire. The Center for Investigative Reporting found more than $600 million dollars in GI bill money had gone to hundreds of for-profit schools in California with low graduation rates and high rates of student loan default.

Related:
For-Profit Schools Under Fire For Targeting Veterans

Source: Larry Abramson, NPR, Morning Edition, April 5, 2012

Hundreds of thousands of veterans have returned from Iraq and Afghanistan in recent years, eager to get an education under the new post-Sept. 11 GI Bill.

Many vets looking for a school find they are inundated by sales pitches from institutions hungry for their government benefits. Now, lawmakers are looking for ways to protect vets without narrowing their education choices….Some members of Congress are worried that for-profit schools are ripping off the government by luring students into programs that seldom lead to good jobs..

…..Concern about the lead generators’ sales tactics has prompted Congress to explore tighter limits on the public funds that can go to for-profit colleges. But Sweizer says limiting government funding would just hurt the schools that are trying to deal honestly with vets. Instead, he says, schools that don’t deliver what they promise should be punished.

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