WASHINGTON, D.C. — A new bill introduced in the U.S. Senate would close a loophole in the current law involving veteran and military education benefits.
U.S. Senators Gary Peters, Debbie Stabenow, and their colleagues introduced the Military and Veterans Education Protection Act of 2015 Friday. A release from Peters’s office said that under the current law, for-profit schools must obtain at least ten percent of their revenue from sources other than taxpayers.
The current law contains a loophole that allows those institutions to count military and veteran educational assistance as non-federal revenues, which has been exploited by some in the for-profit industry through aggressive recruitment of eligible service members and veterans.
Peters’s office says that this bill would require these types of benefits to count toward the 90 percent limit on the federal share of a school’s revenue.