Maryland is poised to become the first state to limit the revenue for-profit colleges can receive from enrolling veterans.
On Tuesday, the state House of Delegates unanimously passed legislation to close a loophole in the “90/10 rule,” which bars for-profit colleges from getting more than 90 percent of their operating revenue from federal student aid. Military and veterans’ education benefits do not count toward that threshold despite being federal aid, an exception that some veterans groups say invites aggressive recruitment from unscrupulous for-profit schools.
Read the full story by the Washington Post, “Maryland General Assembly moves to tighten federal aid restrictions on for-profit colleges” published March 18, 2020.