By Joshua Axelrod
Veterans groups want to change a rule governing for-profit colleges that some have said can lead to shady recruitment of troops and vets.
Known as the “90-10 rule,” it requires that for-profit colleges receive no more than 90 percent of their revenue from federal student aid.
But the rule doesn’t count the Post-9/11 GI Bill or Defense Department-sponsored tuition assistance as federal education benefits subject to the 90-percent limit, so for-profit colleges can get around the rule by enrolling large numbers of veterans and active-duty service members.