The U.S. Military Just Dealt a Huge Blow to For-Profit Education

[Recursion]

http://www.slate.com/blogs/business_insider/2015/10/09/the_defense_department_suspends_the_university_of_phoenix_from_recruiting.html

Apollo Education Group, the for-profit education company, is getting destroyed.

The stock was down 10 percent early Friday on the news that the Department of Defense will no longer allow service members to use federal money to attend one of its subsidiaries, the University of Phoenix. And so the University of Phoenix will also no longer be able to recruit on military bases, the Wall Street Journal reported.

“The institution will not be authorized access to DoD installations for the purposes of participating in any recruitment-type activities,” said Dawn Bilodeau, chief of the Defense Department’s Voluntary Education program. “Further, no new or transfer students at the institution will be permitted to receive DoD tuition assistance.”

Military funds are a crucial stream of income for for-profit colleges because of something called the 90/10 rule. It states that they collect no more than 90 percent of their tuition funds from federal student aid. Military funds, however, do not count as federal student aid.

I remember those scum were just literally waiting outside of reserve centers to scoop up out-processing reservists 10 years ago.

Also I'd really love for VA and Ed to get together and apply GI Bill funds to 90/10...

[MADem]

1. Many state colleges and universities have online programs now.

It's so much easier now to do distance learning. Private "real" --not bullshit schools like Phoenix-- are doing it too.

[Recursion]

2. I think online learning is a great idea

Like you said, it's the particular bullshit schools that are just rip-offs that are the problem.

[hollysmom]

3. please get them off my television set as well!