Veterans Renew Efforts to Limit For-Profits Use of GI Bill

Veterans groups are redoubling their efforts to restrict how much money for-profit colleges can accept from student veterans’ tuition payouts after indications that the industry is becoming even more reliant on their education benefits to stay in business.

On Thursday, a group of Democratic senators reintroduced legislation to close the “90/10 loophole” in federal funding rules for for-profit education institutions. Under current laws, schools cannot receive more than 90 percent of their tuition dollars from federal sources, but military and veterans’ education benefits are not counted against that cap.

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