Hillary Clinton announced on Thursday a new plan intended to stop for-profit colleges from fleecing veterans who use federal G.I. Bill funds to attend school.
Speaking before a roundtable with veterans in Reno, Nevada, Clinton focused her remarks on the so-called 90-10 rule. The rule requires for-profit colleges to accept at least 10% of their money from private dollars rather than federal financial aid and loans, with the idea of holding the schools more accountable to the open market.
But an unintended loophole in the 90-10 rule means that federal military benefits like the Post-9/11 G.I. Bill can count toward schools’ 10%. That leads for-profit schools to aggressively target veterans in search of federal dollars, often deceptively. Proponents of a new bill say that veterans at many for-profit schools have high dropout rates and leave badly in debt.
ATTENTION READERS
We See The World From All Sides and Want YOU To Be Fully InformedIn fact, intentional disinformation is a disgraceful scourge in media today. So to assuage any possible errant incorrect information posted herein, we strongly encourage you to seek corroboration from other non-VT sources before forming an educated opinion.
About VT - Policies & Disclosures - Comment Policy
