Veterans who want to continue their education have access to the Post-9/11 GI Bill, which is great. What's not so great is that the education benefits have a loophole big enough to drive a truck loaded with outdated textbooks through. The problem lies with for-profit colleges. Those are "schools" like DeVry University and the University of Phoenix -- the type of respectable institutions whose mail always winds up in your spam folder. These diploma mills have a history of shady recruitment tactics. DeVry recently had to pay a $100 million settlement for misleading tens of thousands of students about the value of a DeVry "education" -- with those quotation marks being exactly how it must now be referred to.
For-profit schools are especially fond of targeting veterans. Why? It's thanks to something called the 90/10 rule, which makes for-profit schools lose their federal funding if more than 90 percent of their revenue comes from federal student aid programs. This is tricky for these schools, as few parents are willing to bear the full cost of their s****y kids earning a Bachelor in Getting Scammed. However, due to a technicality, the aid veterans get from the Post-9/11 GI Bill is considered privately funded, meaning that to places like DeVry, it counts toward the 10 percent of private tuition that they need to maintain. It's like having your cake and eating it too -- which is probably a full master's program at the University of Phoenix.
"OK class, we're now going to discuss the PIE-thagorean Theorem."