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For-Profit Colleges Cashing In On Veterans

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  • "When I look at it, it's a large pot of money readily available at the disposal of these institutions, with little accountability," said Donald Overton, executive director of Veterans of Modern Warfare, a veterans support group.
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  • The for-profit education industry has been under the microscope for months, following a scathing report from the Government Accountability Office in which undercover-camera footage showed recruiters engaging in aggressive, often deceptive techniques to enroll students.
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Chris Kirkham, Huffington Post

Veterans returning from the wars in Iraq and Afghanistan have been enrolling in for-profit colleges at substantially higher rates during the past two years, raising questions about the degree to which such institutions are seeking higher enrollment rates at the expense of true educational opportunities.

A report released today (Dec 9, 2010) by the Senate's Health, Education, Labor and Pensions Committee, which has been examining aggressive recruitment practices and high student loan default rates in the burgeoning for-profit education industry over the past several months, shows the share of their revenue coming from veterans has increased fivefold from 2008 to 2010.

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