To: President Donald Trump and The United States Senate
Stop Abuses of Veterans’ Education Tuition Dollars
Co-sponsor the "Protecting Our Students and Taxpayers (POST) Act" to help ensure that federal education dollars intended for our veterans, current military service members, and their families, are not being wasted by for-profit college companies.
Why is this important?
Current federal legislation says that for-profit colleges cannot receive more than 90 percent of their revenue in federal education dollars. Meaning that these companies have to receive at least 10 percent of their revenue from other, non-federal sources. Yet a current loophole allows these companies to receive Post 9/11 GI Bill and Department of Defense tuition assistance funds without counting them as “federal dollars.” This loophole makes it possible for a for-profit college to receive 100% of its revenue from federal sources.
For profit college companies enroll only about 12 percent of all college students, but they account for nearly half of all student loan defaults. The Protecting Our Students and Taxpayers (POST) Act, introduced by U.S. Senators Dick Durbin (D-IL) and Tom Harkin (D-IA), will help curtail the impact of these defaults on veterans and active duty servicemen and women by taking away the incentive unscrupulous college companies have to aggressively recruit them. The bill closes the 90/10 loophole by including military education benefits in the definition of federal revenue. Our veterans and active duty service members deserve nothing less.