COVID-19 relief bill will close loophole that critics say created ‘a perverse incentive’ for for-profit colleges

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Veterans and borrower advocates have called on lawmakers to close the so-called 90/10 loophole for years.

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The stimulus bill passed by the Senate Saturday, closes a loophole that student-loan borrower and veterans advocates have long argued allowed for-profit colleges to prey on military-affiliated students.

For-profit college critics have worried for years that the treatment of benefits for military-affiliated students has pushed schools to enroll these students as a way to stay in compliance with the 90/10 rule, while still relying on largely government sources of funding to stay afloat. “It is unconscionable to exploit the COVID-19 relief bill as a vehicle to deny veterans and active-duty service members the right to use their earned benefits on the career school of their choice,” the statement reads.

Tanya Ang, vice president at Veterans Education Success, an advocacy group, said that the economic devastation created by COVID risks a repetition of that history. Others have worried that the proliferation of online schooling during the pandemic could attract students to these schools, which often have online offerings.Once veterans and service members use their education benefits, there’s no opportunity for them to recoup them.

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How about the church’s exempt from taxes loophole ? Let’s close that .

nice

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