Maryland’s bill intends to pose new limits on for-profit schools by forcing them to include military and veteran benefits when determining how much federal aid they rely on for revenue. Many large for-profit chains, such as the University of Phoenix and Ashford University, are not based in Maryland but still educate the state’s residents. They take in significant amounts of revenue from military benefits. U of Phoenix received $192.5 million in GI Bill tuition and fees in 2017, according to a recent report from advocacy group Veterans Education Success.
Read the full story by Education Dive, “Maryland could be the first state to close a loophole on federal aid to for-profit colleges” published March 19, 2020.