Report: For-profit colleges cashing in on military
By ERIC GORSKI, AP Education Writer
Associated Press December 9, 2010 02:13 PM
For-profit college companies are taking in enormous amounts of federal student aid money by recruiting and enrolling members of the military, veterans and their families, with questionable returns, according to a new report from a vocal Senate critic of the industry.
Citing low student loan repayments and high dropout rates at for-profit schools, the report from Sen. Tom Harkin is urging Congress and the federal agencies involved to "act now" to make sure the aid programs are not being exploited.
A representative of for-profit colleges responded that the enrollment growth ought to be celebrated, and that active-duty military and veterans are choosing schools that serve their needs.
The report released Thursday by Harkin — chairman of the Senate Education, Labor and Pensions Committee — stops short of saying the schools are failing veterans and the taxpayers who support them.
But it does provide a new snapshot of just how successful for-profit colleges have been in enrolling military personnel and veterans after the government greatly expanded their college benefits through the Post-9/11 GI Bill of 2008 and more generous Department of Defense education programs.
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