
Senators introduced a bill aimed at protecting student veterans from "predatory" for-profit colleges, closing a loophole that they say led to schools targeting vets and service members.
The Protect Veterans’ Education and Training Spending (Protect VETS) Act aims to close the so-called 90/10 loophole, a provision of the 90/10 law that excludes Department of Veterans Affairs and Defense Department education funding such as the Post-9/11 GI Bill from being counted as "federal funds." This led some for-profit schools to "exploit" that provision, using "aggressive recruitment practices and deceptive marketing" to enroll as many service members and vets as possible, according to Senators Jon Tester, D-Mont., Tom Carper, D-Del., James Lankford, R-Olka., and Bill Cassidy, R-La.
The bill would close that loophole, counting VA and Defense Department funds as federal dollars and requiring for-profit schools' funding to be made up of at least 10 percent non-taxpayer dollars.
“Predatory for-profit schools are exploiting the 90/10 loophole, taking advantage of the system and our veterans,” Tester, ranking member of the Senate Veterans’ Affairs Committee, said in a statement. “Our bipartisan bill puts forward a commonsense solution that will close this loophole and hold money-grubbing institutions accountable while saving taxpayer dollars. Congress has a responsibility to put our men and women in uniform — and their benefits — first. That’s why I’ll be fighting tooth and nail to help keep the wolves at bay, so veterans get the education they deserve.”