Veteran enrollment rises at for-profit institutions
12/10/2010
By Credit.com Staff
More servicemen and women are enrolling in programs at for-profit, rather than traditional, institutions, new data shows. A report released by the Senate's Health, Education, Labor and Pension's Committee shows revenue earned from veteran enrollment was five times larger in 2010 than in 2008.
However, many critics are skeptical about the aggressive marketing tactics and recruitment strategies used by for-profit institutions to entice veterans. Most veterans use their GI bills to fund their education, which do not count toward for-profit institutions' cap on the amount of federal funding they are allowed to receive.
Additionally, for-profit schools have come under fire lately for their turnover rates and increasingly high number of graduates who are facing student loan debt but are unable to put their skills to good use in the job market.
Many legislators urge veterans and college-bound students alike to closely evaluate for-profit institutions and the programs they offer before enrolling to ensure the skills they learn will serve them in the job market.
