Mark Takano: “My amendment would prevent Federal student aid for veterans, including post-9/11 GI Bill benefits, from being used by…”

“My amendment would prevent Federal student aid for veterans, including post-9/11 GI Bill benefits, from being used by colleges for marketing and recruiting purposes. A Senate Health Committee report showed that many for-profits used more than 22 percent of their revenue on marketing and recruiting but less than 18 percent on academic instruction. At the same time, many of these schools received more than 80 percent of their revenue from Federal student aid, including post-9/11 GI Bill benefits and other veterans' education benefits. {time} 1800 That's a lot of veteran's education assistance and taxpayer money going to for-profit schools to market to and recruit students. It has been well documented that some of these schools use overly aggressive, deceptive, and fraudulent practices to get students to attend their schools. Thirty-eight State attorneys general, the CFPB, the SEC, FDIC, and DOJ are all investigating the practices of for-profit colleges. We need to address this abuse of student veterans' and taxpayer dollars. I urge you all to support my amendment. I yield back the balance of my time. Point of Order”