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The U.S. Department of Education has a set of minimum standards that must be met by most schools before receiving federal funds. However, Reveal News found that some schools do not have to meet such standards under a GI Bill loophole initially implemented to let veterans attend trade schools. Taxpayers have spent over $260 million on these unaccredited institutions.
“Reveal has found a gold rush of 2,000 schools cashing in on the exemption. The list includes schools set up to make a profit by teaching blackjack, scuba diving, dog grooming, taxidermy and yoga. Many are owned by individuals who’ve gone bankrupt… A handful are owned by convicted felons.”
Read the full story here.