Stop For-Profit Colleges From Targeting Veterans

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CEDAR FALLS, IA - MAY 19: Democratic presidential hopeful and former Secretary of State Hillary Clinton hosts a small business forum with members of the business and lending communities at Bike Tech bicycle shop on May 19, 2015 in Cedar Falls, Iowa. Yesterday Clinton hosted an organizing rally with supporters in Mason City. (Photo by Scott Olson/Getty Images)
CEDAR FALLS, IA - MAY 19:  Democratic presidential hopeful and former Secretary of State Hillary Clinton hosts a small business forum with members of the business and lending communities at Bike Tech bicycle shop on May 19, 2015 in Cedar Falls, Iowa. Yesterday Clinton hosted an organizing rally with supporters in Mason City.  (Photo by Scott Olson/Getty Images)
(Photo by Scott Olson)

By Sam Frizell

Hillary Clinton announced on Thursday a new plan intended to stop for-profit colleges from fleecing veterans who use federal G.I. Bill funds to attend school.

Speaking before a roundtable with veterans in Reno, Nevada, Clinton focused her remarks on the so-called 90-10 rule. The rule requires for-profit colleges to accept at least 10% of their money from private dollars rather than federal financial aid and loans, with the idea of holding the schools more accountable to the open market.

But an unintended loophole in the 90-10 rule means that federal military benefits like the Post-9/11 G.I. Bill can hire vetscount toward schools’ 10%. That leads for-profit schools to aggressively target veterans in search of federal dollars, often deceptively. Proponents of a new bill say that veterans at many for-profit schools have high dropout rates and leave badly in debt.

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