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For-profit colleges rake in millions from post-9/11 G.I. Bill

December 14, 2010 --

For-profit universities collected about $640 million from the Post-9/11 G.I. Bill in its first year, according to a new U.S. Senate committee report. The boost to for-profits came at a time when the sector was subject to criticism for poor results and for leaving many students with unmanageable debts.