New Bill Would Limit For-Profit College’s Access To Federal Funds

On Veterans Day, the White House announced support for a bill designed to limit for-profit schools’ access to federal funds … Continued

New Bill Would Limit For-Profit College’s Access To Federal Funds

On Veterans Day, the White House announced support for a bill designed to limit for-profit schools’ access to federal funds through the Post-9/11 G.I. Bill.

Under the current law, for-profit schools must get at least 10% of their revenue from nonfederal sources, but the new bill, dubbed the Protecting Our Students and Taxpayers Act of 2015, would increase that requirement to 15%, according to Reveal. The bill also proposes closing a loophole that prevents military tuition assistance from counting against the current 90% rule.

“This loophole has created a perverse incentive for some for-profit colleges to seek out and aggressively – and, sometimes, deceptively – enroll service members and veterans to skirt the law,” said under secretary for education Ted Mitchell in a statement.

James Clark

James Clarkis the Deputy Editor of Task & Purpose and a Marine veteran. He oversees daily editorial operations, edits articles, and supports reporters so they can continue to write the impactful stories that matter to our audience. In terms of writing, James provides a mix of pop culture commentary and in-depth analysis of issues facing the military and veterans community. Contact the author here.

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