google65222aaba5ef6dda
 
Columnist James Marshall Crotty writes in Forbes that the nation's military veterans may the most susceptible to the controversial programs of many for-profit colleges, which are often are accused of overselling and under delivering in expensive career-oriented education programs typically funded by federal loans.  Crotty writes:
"With their unemployment rate at 9%, military veterans are highly susceptible to for-profit college pitches about job guarantees. Compounding this predilection is the high amount of PTSD (Post-Traumatic Stress Disorder) among returning vets, who often lack the psychological wherewithal to navigate unstructured civilian life, let alone the deceptive mine field set by for-profit college marketers claiming to be operating in their interest."What makes returning vets the penultimate mark for craven marketers, however, is the generous nature of the G.I. Bill itself, which offers up to 36 months of totally free education. You see, for-profit college administrators know that their “boiler room” hyperbole  – including grossly inflated job and income prospects — receives greater scrutiny when applicants (or “starts” in for-profit marketing parlance) have skin in the game. This is one reason why civilian student loan recipients must now pay 10% of their college tuition, as required by the government’s 90/10 rule. However, active-duty and veteran students are exempt from the 90/10 rule. This has motivated for-profits to double down on marketing to military personnel."
 
 

A new system aimed at making it easier for veterans and military service members to file complaints regarding deceptive practices by for-profit colleges is up and running.  As reported in the Huffington Post, the new portals for complaints are the result of a collaboration involving the Department of Education, the Department of Justice, the Department of Veterans Affairs, the Department of Defense, the Consumer Financial Protection Bureau, and the Federal Trade Commission.  Numerous investigations have revealed that for profit colleges have engaged in widespread abuses of vets and military families.
 
 
One year after the sudden closing of American Career Institute, Massachusetts is considering reforms that seek to reduce deceptive practices and require greater accountability from for-profit colleges.  As reported by Masslive.com, the state is considering regulations sought by Attorney General Martha Coakley would "would prohibit for-profit schools from aggressive sale tactics, such as repeated solicitations through phone calls and text messages, and require them to disclose their tuition and fees, placement statistics, and graduation rates in their advertising."  
ACI closed without learning in early 2013 in Springfield, Cambridge, Braintree, Framingham and Woburn.