U.S. senators have introduced a second bill designed to slow the flow of military money to for-profit colleges. The bill, sponsored by Sen. Tom Carper, a Democrat of Delaware, would count military and veterans’ benefits in the federal share of the 90/10 rule, which requires for-profit colleges to receive at least 10 percent of their revenue from nonfederal sources in order to be eligible to receive federal student aid. The bill would also make colleges that failed that test in two consecutive years ineligible for new money from the Defense and Veterans’ Affairs Departments.
The bill is similar to a measure, introduced last month by Sen. Richard Durbin, a Democrat of Illinois, that would lower the federal limit to 85 percent and would disqualify institutions from receiving Education Department money after a single year of noncompliance. Neither measure is expected to survive in the U.S. House of Representatives, where a majority of Republicans oppose tightening the 90/10 formula.Return to Top