No shocker here - for-profit schools are getting the largest share of the Post 9/11 GI Bill funding. A recent article from Bloomberg shows that 6 for-profit colleges received more students from VA funding in 2009 than any public or non-profit institutions. With the new GI Bill, funding DOUBLED from $9.5 billion in 2010 from $4.2 billion in 2009.
HUGE dollars = increased focus. That is pretty much the way the business world works. The way government works, if someone is getting huge dollars, they are going to get increased attention. So there will be hearings in Washington this fall.
There are some bad things going on in the high pressure world of recruiting students. But the real reason for this trend is that online schools better meet the needs of military students and for-profits dominate the online learning world. That is why we help state schools bring their programs online!
With the attention from the GAO Report on For-Profit schools, it will be interesting to see how this plays out.