Cost of Education, Domestic, For-Profit, Policy, Required, Student Loans, University & College - Written by on Friday, November 4, 2011 15:35 - 0 Comments

Heard: Senate Overstated Benefits Received by For-Profit Colleges – BusinessWeek

Sen. Tom Harkin speaks at a rally held by the ...

Oops. We're still right anyway. Sen. Tom Harkin: Image via Wikipedia

Oops. Senator Tom Harkin’s  committee accidentally added two years of for-profit benefits together, said Bloomberg news. This, on top of allegations of hedge fund murky dealings with Harkin’s staff during investigations.

Still, what’s interesting is that even with the numbers correct the findings are still the same, just not quite as egregious.

The Senate Health, Education, Labor and Pensions Committee mistakenly combined two years of data into one, committee chairman Senator Tom Harkin, Democrat of Iowa, said today. Eight for-profit colleges received about $626 million in veteran education benefits in the most recent academic year instead of $1 billion as reported Sept. 22, he said.

“Upon discovering this error, HELP Committee staff re- analyzed the data and found that the central findings remain unchanged: the top 10 recipients of Post-9/11 GI Bill education benefits are the same, and eight of the 10 biggest recipients in 2010-2011 are for-profit colleges with poor rates of student success,” committee spokeswoman Justine Sessions said in an e- mailed statement.

via Senate Overstated Benefits Received by For-Profit Colleges – BusinessWeek.



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