While new numbers show the embattled for-profit world of higher education slightly improved its student-loan default rate, the number still far exceeds numbers for private nonprofit and public colleges and universities.
This Veterans Day, one way you can honor your neighbors, friends or cousins who have returned from serving in Iraq and Afghanistan is to help them avoid a scam.
America made a commitment to veterans of the wars in Iraq and Afghanistan: In return for their service, the country would help pay for their college education when they came home.
Are nonprofit schools a better deal for returning veterans than for-profit schools? A study by the Mississippi Center for Justice finds that since the 9/11 terrorist attacks, 14 percent of $83 million in GI Bill funds spent for education in Mississippi went to for-profit schools, but those schools enrolled only 7 percent of student-veterans. Veterans spent $2,933 per student more at for-profit schools than at private nonprofit schools, $11,900 more than at community colleges, and $10,321 more than at traditional public colleges and universities.