Are schools taking advantage of veterans with the G.I. Bill?
Summary:
- Even with the G.I. Bill, veteran students are leaving school with more debt then the average student.
- The government ends up paying more to for-profit institutions than the average student.
- Completion rates for veterans are lower than the national average for students.
The Post 9/11 G.I. Bill has been a book to veterans seeking higher education. With this influx of money, the data points toward schools taking advantage of this opportunity. This isn't to say that a degree isn't worth it. But veterans would be well served to be careful in weighing their options when considering their school choices. Be sure to look at graduation rates, job prospects of graduates, and comparison shop with similar tiered schools.
Citations:
- https://www.insidehighered.com/quicktakes/2014/03/24/data-student-veterans-college-outcomes-under-new-gi-bill
- http://www.ncsl.org/research/education/veterans-and-college.aspx
- http://www.rand.org/pubs/research_briefs/RB9560/index1.html
- https://secure-media.collegeboard.org/digitalServices/misc/trends/2014-trends-student-aid-report-final.pdf
- http://www.latimes.com/nation/la-na-veteran-debt-20151031-story.html
- http://www.benefits.va.gov/gibill/resources/benefits_resources/rates/CH33/Ch33rates080112.asp#TUITION
- http://trends.collegeboard.org/college-pricing/figures-tables/tuition-and-fees-and-room-and-board-over-time-1975-76-2015-16-selected-years
- http://www.motherjones.com/politics/2011/09/gi-bill-for-profit-colleges
- http://trends.collegeboard.org/student-aid/figures-tables/loans
- https://www.insidehighered.com/news/2015/07/24/number-profit-colleges-declines-enrollments-wither
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