January 24th, 2012

Durbin: For-profit colleges target veterans

By Associated Press
CBS News

Some for-profit colleges unfairly target U.S. veterans, offering false hope of improved career opportunities while leading ex-soldiers into debilitating debt, U.S. Sen. Dick Durbin said Monday, calling for tighter regulation of the sector.

“We cannot allow some in the for-profit college industry to exploit these veterans with deceptive tactics,” the Illinois Democrat said at a forum in Chicago addressing the issue.

A 3-year-old, post-9/11 G.I. Bill boosted education benefits for veterans and created a windfall for for-profit colleges, many of which, according to Durbin, cost more and have higher default and dropout rates than other schools.

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