For-Profit Colleges Draw Most Veterans on New GI Bill
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Federal spending to educate returning veterans from Iraq and Afghanistan is disproportionately helping the bottom line of for-profit colleges, according to government enrollment data.
Boosted by a GI Bill with more-generous benefits, U.S. spending on veterans’ education will more than double to $9.5 billion this year from $4.2 billion in 2009, the Department of Veterans Affairs said in response to questions. Six for-profit colleges had more students receiving VA funding in 2009 than any public or nonprofit institutions, statistics provided by the department show. Eight of the top 10 colleges with the most VA-funded students were for-profit institutions.