Follow The Money
Career College Central Summary:
Nearly 1 million student veterans used $10.9 billion in education benefits from the U.S. Department of Veterans Affairs to attend college in 2011, according to a new report from the U.S. Government Accountability Office.
The study gives perhaps the most in-depth picture of the college-going patterns of large numbers of veterans who are returning from Afghanistan and Iraq. While it does not name individual colleges, the report includes separate numbers for the for-profit, public and private nonprofit sectors.
The largest source of education funding for veterans is the Post-9/11 G.I. Bill, which accounted for $8.5 billion of all such payments in 2011. Other programs include the Montgomery G.I. Bill and the Survivors’ and Dependents’ Educational Assistance Program.
Spending on the Post-9/11 G.I. Bill is increasing rapidly — by 50 percent in 2011. And the “return on investment” for those benefits has become a hot topic in Washington. In particular, some Congressional Democrats have been fiercely critical of how the for-profit industry recruits and serves student veterans.
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