For-Profit Colleges Got $1 Billion in Veterans Benefits
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Eight for-profit colleges, led by Apollo Group Inc.’s University of Phoenix, collected about $1 billion in education benefits for U.S. veterans in the most recent academic year, according to a Senate report.
Those colleges got about a quarter of the Post-9/11 GI Bill education funds in the 2010-2011 year, Democratic Senator Tom Harkin of Iowa, chairman of the Senate education committee, said today at a news conference in Washington. The University of Phoenix alone received $210 million, almost three times as much as a year earlier, he said.