8 For-Profit Colleges Collect More Than $1-Billion in Veterans Education Benefits

Eight for-profit colleges collected a combined $1.02-billion in veterans education benefits last year, about 23 percent of all of those benefits disbursed, according to a Senate report released on Thursday. For those eight colleges, thats a 159-percent increase from the previous academic year.

The report is part of an investigation of for-profit higher-education companies by the Senate Health, Education, Labor, and Pensions Committee. Sen. Tom Harkin, a Democrat of Iowa and the committees chairman, said at a news conference on Thursday that the for-profit higher-education sector had aggressively recruited veterans and service members eligible for Post-9/11 GI Bill benefits.

8 For-Profit Colleges Collect More Than $1-Billion in Veterans Education Benefits