EDU 90/10 LOOPHOLE MILITARY FRIENDLY ® APPLAUDS BILL TO CLOSE ‘90/10 LOOPHOLE’ BY DAN FAZIO FEDERAL LEGISLATION that would limit the revenue for-pro�it schools can draw from military and veteran students may have a better chance of success this time with the backing of Sen. Lamar Alexander (R-Tenn.), who chairs the U.S. Senate’s education committee. Alexander has opposed previous attempts to close a loophole in federal regulations that allows for-pro�it schools to count GI Bill funds and Tuition Assistance 28 JANUARY 2020 | GIJOBS.COM funds as private revenue rather than federal student aid. Under the Higher Education Act, proprietary schools cannot receive more than 90% of their revenue from federal student aid. The so-called 90/10 loophole, critics say, puts a target on the backs of military and veteran students. “Unfortunately, for too long, bad-actors in the for-pro�it sector have exploited a loophole in the system—known as the 90/10 loophole—and taken advantage of our veterans and their generous education bene�its,” said Sen. Tom Carper (D-Del.), who introduced the Protect VETS Act along with Senators Jon Tester (D-Mont.), James Lankford (R-Okla.) and Bill Cassidy (R.-La.). “To be clear, not all for-pro�it schools are bad actors. In fact, many are doing a good job. However, I believe that
G.I. Jobs January 2020: Page 28
