Loophole in the GI Bill for Veterans and For-Profit Universities
Veteran advocates fought for decades to close a loophole in the GI Bill that made veterans a target of for-profit universities. Trump's budget bill has language to bring that loophole back.
Key Points
- The 90/10 rule was a market test to avoid funding bad schools, but a loophole allowed for-profit schools to benefit from GI Bill money.
- Veterans often ended up with worthless degrees after using up their education money at for-profit universities.
- Congress closed the loophole in 2021, but it resurfaced in the House Republican version of the budget bill.
- Thirty-one veterans and military groups have signed a letter against the reimplementation of the loophole.