In 2008, Congress passed a Post-9/11 GI Bill to mirror the one that helped millions of returning heroes from WWII by offering grants and loans to veterans to pursue a college education in a profession or trade. The WWII GI Bill is credited with helping to build America's middle class.
Many for-profit colleges use hard-sell tactics that are catching returning veterans and active-duty soldiers, sailors, airmen and Marines living on military bases unaware of the high cost and low success rates of these institutions. They sell empty promises of a high quality education and "guaranteed" jobs and pressure veterans into signing long-term contracts on the spot that ultimately exhaust their GI Bill benefits and leave them empty handed – without a degree, without transferable credits and heavily in debt.
The average annual price of a certification program at a for-profit college was nearly $20,000 in 2010 compared to an average of $4,000 at a public college. The for-profits charge as much as $35,000 for an associate's degree program, compared to $8,000 at a public college. Nationwide, nearly 70 percent of all students attending for-profit colleges do not graduate, and most of the credits earned at these colleges do not transfer to traditional colleges.
A scathing report from the Senate's Health, Education, Labor and Pensions Committee, released in July 2012, documented these abuses and found that more than a third of the education benefits awarded under new GI Bill benefits are being used at for-profit colleges.SOURCE Veterans Student Loan Relief Fund