How Pricey For-Profit Colleges Target Vets' GI Bill Money

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Title: How Pricey For-Profit Colleges Target Vets' GI Bill Money
Date: September/October 2011 Issue
Author: Adam Weinstein

Many students find that prospective employers and graduate schools won't take their coursework seriously since most for-profits lack accreditation from legitimate academic bodies. "I researched the accreditation and it seemed legit. I had no idea...none of my schooling would transfer," an Army vet and University of Phoenix alum from St. Petersburg, Florida, wrote on the VA's GI Bill Facebook page. "A lot of places see the guaranteed GI Bill as cash in hand and it's a shame they take advantage of us."

Source: http://motherjones.com/politics/2011/09/gi-bill-for-profit-colleges