Attorneys general for 21 states have called on Congress to close an “apparent loophole” that they say encourages for-profit colleges to use “high-pressure recruiting tactics” on military veterans.
In a letter sent on Tuesday to leaders of the House and Senate education and veterans-affairs committees, the 21 attorneys general and a chief consumer-affairs official for a 22nd state urge Congress to change the “90/10″ rule so that GI Bill and other educational benefits for veterans count toward the 90-percent cap on the amount of annual revenue a for-profit college may receive from federal student-aid programs.
McDaniel signed on to the initiative, which is designed to close a loophole being exploited by sham colleges that target veterans. These “schools” have low graduation rates and insanely high loan default rates and often practice deceptive marketing. AGs around the country, including McDaniel, have been investigating these schools themselves, but have been able to find few “common targets” to go after themselves and are thus turning to Congress for help.
Kudos to McDaniel on this one. Now let’s see who the Republican Congress stands with-the scam artists or the troops.