Some for-profit colleges unfairly target U.S. veterans, offering false hope of improved career opportunities while leading ex-soldiers into debilitating debt, U.S. Sen. Dick Durbin said Monday, calling for tighter regulation of the sector, the Associated Press reports.
“We cannot allow some in the for-profit college industry to exploit these veterans with deceptive tactics,” the Illinois Democrat said at a forum in Chicago addressing the issue.
A 3-year-old, post-9/11 G.I. Bill boosted education benefits for veterans and created a windfall for for-profit colleges, many of which, according to Durbin, cost more and have higher default and dropout rates than other schools. Durbin said Monday he is introducing legislation to reduce incentives for for-profit colleges to employ what he characterized as misleading advertising and hard sales pitches to persuade veterans to sign up for classes…
Click here for the full story