For-Profit Colleges Grab Big Share Of GI Bill Money

Ann McClure's picture

It might be widely assumed that the federal dollars flowing out of Washington to educate Virginia veterans under the Post-9/11 GI Bill are mostly going to traditional public or private nonprofit colleges and universities.

That assumption would be wrong.

Nearly half of the $321 million in GI Bill benefits paid out on behalf of Virginia veterans last year went to for-profit schools.

The trend is raising alarms with some in Washington, including the bill’s principal sponsor, Virginia Sen. Jim Webb. The for-profit schools cost twice as much per veteran as public colleges, and many of them have a track record of poor student outcomes.

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