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Billions of GI Bill Funds Going to For-Profit Schools

A report to be released Wednesday from the office of Sen. Tom Harkin, D-Iowa, a critic of the for-profit education industry who chairs the Senate Health, Education, Labor and Pensions committee, finds that for-profit colleges received $1.7 billion in Post-9/11 GI Bill benefits in the 2012-2013 school term. About a quarter of benefits paid under the program went to the for-profit sector.