For-Profit Colleges Reaped $521 Million From Military
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Twenty for-profit colleges reaped $521 million in U.S. taxpayer funds in 2010, seven times more than in 2006, by recruiting armed-services members and veterans through misleading marketing, according to a Congressional report today.
Getting the money from military personnel helped the companies circumvent a cap on the aid they can receive from the Education Department, their main source of income, according to the report from Iowa Democrat Tom Harkin, chairman of the Senate Health, Education, Labor and Pensions committee. Congress should protect veterans and taxpayers from documented abuses by those colleges, the report’s authors said.