Veterans And Advocates Fight Back Against Predatory Practices Of For-Profit Colleges
New Grant Program Established; Legislation Planned; Information Campaign Launched; Possible Legal Action Contemplated
First Round of Grants Announced; New Applications Being Accepted
WASHINGTON, Nov. 11, 2012 /PRNewswire-USNewswire/ -- This Veterans Day, Iraq and Afghanistan War veterans and their advocates are launching a counter-attack against for-profit colleges, many of which they say have been using misleading claims to enroll veterans in expensive programs that actually provide little value, but drain their GI Bill education benefits and leave them heavily in debt.
The effort includes a public information campaign to better-inform active-duty service members and returning veterans of their educational options, advocate for federal and state legislation to curb abuses, create a grant program to assist veterans, and take legal action to recover government funds.The recently established Veterans Student Loan Relief Fund (VSLRF) today announced the first round of grants to assist otherwise financially responsible veterans and qualifying family members, who have incurred excessive education loans to attend for-profit institutions. The grants will help veterans dig out from under the debt burden imposed by the for-profit colleges. Eleven grants of up to $5,000 were awarded to veterans from seven states: Arizona, California, Illinois, New Mexico, North Carolina, Pennsylvania and Texas. Applications for a second round of grants are currently being accepted through Dec. 1 at http://sms.scholarshipamerica.org/veterans-student-loan-relief. A new web site – www.knowbeforeyouenroll.org – has also been set up to provide current service members and veterans with information they need to make informed choices about their education, and allow them to file complaints. "Many for-profit colleges are treating Iraq and Afghanistan veterans very poorly and without respect, taking advantage of their Post-9/11 GI Bill benefits that provide federal financial assistance for returning service members to help them with their education," said retired Marine Col. Patrick Uetz, Director of University of San Diego School of Law's Initiative to Protect Student Veterans. "But veterans and their allies are beginning to battle back – ensuring our veterans receive accurate intel to make informed decisions, as well as fighting for legislative and policy change on their behalf are paramount among our objectives. " Advocates plan to make a push in the post-election session of Congress to pass legislation similar to a bill recently signed by California Governor Jerry Brown that closed various loopholes for-profit schools have exploited to engage in misleading marketing practices. Attorneys General in nearly 20 states, led by Kentucky AG Jack Conway, are also mounting a coordinated effort to crack down on for-profit colleges' predatory practices.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts