-
8/2/2019 Gi Money to for Profit
1/6
$77
$60
$79
$48
$58
$32
$22 $20$17
$20
$133
$113
$99$96
$71
$49
$39
$31$27 $25
$0
$30
$60
$90
$120
$150
Apollo EDMC ITT DeVry CareerEd Strayer Corinthian U.of
Maryland
System
Kaplan U.ofTexas
System
DollarsinMillions
TopTenRecipientsofPost9/11 GIBillBenefits
HelpCommittee
analysis
of
Department
of
Veterans
Affairs
data;
Does
not
include
Yellow
Ribbon
program.
PublicSchools,
200910AwardYearForProfitSchools,200910AwardYear
ForProfit Schools,201011AwardYear PublicSchools,
201011AwardYear
WhereareFederalG.I.BillDollarsGoing?
-
8/2/2019 Gi Money to for Profit
2/6
$210
$178$173
$144
$130
$80
$60$51
$45 $44
$0
$50
$100
$150
$200
$250
Apollo ITT EDMC DeVry CareerEd Strayer Corinthian U.of
MarylandSystem
U.ofTexas
System
Kaplan
DollarsinMillions
TopTenRecipientsofPost9/11G.I.BillBenefits
Source:HELP
Committee
analysis of
Department of
Veterans
Affairs data;
does not
include
Yellow
Ribbon
program
funds.
ForProfit Schools,200911AwardYear PublicSchools,
200911AwardYear
FederalG.I.BillDisbursements:TheFirstTwoYears
-
8/2/2019 Gi Money to for Profit
3/6
StudentOutcomesforthe10SchoolsReceivingtheMostG.I.BillBenefits
Institution
BachelorsStudents
Withdrawn
Associate Students
Withdrawn
Apollo(University
of
Phoenix) 50.3% 66.4%
ITT 44.5% 53.1%
Ed.Mgmt.Corp.(ArtInstitute, Argosy) 61.9% 63.7%
DeVry 56.4% 54.3%
CareerEd.
Corp.
(Sanford
Brown,
CTU) 51.4% 61.7%
Strayer 34.1% 48.8%
Corinthian(Everest, Heald,WyoTech) 59.2% 66.5%
U.ofMarylandSystem 13.1%* N/A
Wash.PostCo.(Kaplan) 68.2% 69.1%
U.ofTexasSystem 26.4%* N/A
Source:
HELPCommitteeanalysisofDepartmentofVeteransAffairsdata,DepartmentofEducationdataanddocumentsprovidedbyschools.
*ForProfitstudentoutcomesbasedonallstudentswhoenrolledbetweenJuly1,2008andJune,302009asofmid2010.
PublicUniversitySystems
outcomesbasedonDepartmentofEducationretentiondataandincludesonlyfirsttimefulltimestudents.
WhatAreTaxpayersandVeteransGettingForTheirMoney?
-
8/2/2019 Gi Money to for Profit
4/6
-
8/2/2019 Gi Money to for Profit
5/6
BenefitsDisbursedbySector,
200911
ForProfitEducationCompanies OtherSchools
TotalFunds:
$4.4Billion
63%
37%
25%
75%
VeteransTrainedbySector,
200911
ForProfitEducationCompanies OtherSchools
TotalVeterans:
608,521
Source:HELPCommitteeanalysis ofDepartment
ofVeteransAffairsdata.
ForProfitSchoolsCollectedMorethanOneThirdofPost9/11G.I.BillBenefitsbut
TrainedJust
One
Quarter
of
Veterans.
-
8/2/2019 Gi Money to for Profit
6/6
ApolloGroup,
Inc.
Spending,
2010
Other:
57%
Marketing:
22%
Profit:21%
ITTEducational
Services,
Inc.
Spending,
2009
Other:
44%
Marketing:
19%
Profit:37%
Strayer,Inc.
Spending,
2010
Other:
48%
Marketing:
18%
Profit:
34%
Other:ExecutiveCompensation,Lobbying,StudentServices,Administration,Facilities,
Instruction,Faculty
Salary,
and
Bad
Debt
Expense.
Source:HELPCommitteeanalysisofS.E.C.filingsanddocumentsprovidedbyschools.
ForProfitCollegesDevoteFederalFundstoProfitandMarketing
NotEducation
CorinthianColleges,
Inc.
Spending,
2010
Other:
66.1%
Marketing:
20.3%
Profit:
13.6%
