In 2017, the Department of Veterans Affairs proposed abolishing a rule that prevented VA employees from involvement in for-profit colleges where the Post-9/11 GI Bill creates billions in revenue.

There are two issues with this rule change, which is back in the news again. The first is the known problem of predatory colleges seeking out veterans with little interest in graduating them. These schools have a special interest in veterans because of something called the 90/10 rule. Essentially, that rule provides that for every individual student veteran, a for-profit college can enroll nine nonveteran students with federal student aid packages. The Post-9/11 GI Bill paid out $4.5 billion in 2017 for nearly 700,000 student veterans, according to the Government Accountability Office. Multiply that by 10 and you can see we’re talking about real money.