For-Profit Colleges Milked GI Bill

A scathing Los Angeles Times report shows that for-profit colleges have gotten more than $8 billion in government funds over the last six years by enrolling veterans on the GI bill. “Those colleges enroll only 8 percent of all U.S. students but 30 percent of the 1.4 million veterans who have used the most recent version of the GI Bill,” the paper found. Because the GI funds did not count as federal money in reports, they helped the for-profit schools, including the now-shuttered Corinthian Colleges, meet various standards about school funding. As a result, the schools aggressively targeted veterans, enrolling them in programs that cost as much as four times more than a regular community college associate’s degree.