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Published on Feb 16, 2012
At a press conference on February 16, 2012, Sen. Tom Carper (D-Del.) announced that he was introducing the Military and Veterans Education Protection (MVEP) Act in the U.S. Senate to protect and improve educational benefits for members of the military and veterans. MVEP would modify the current 90/10 financial aid formula used by for-profit colleges to ensure federal funding utilized through the Department of Veterans Affairs' Post-9/11 G.I. Bill and the Department of Defense's Tuition Assistance program is counted as federal dollars rather than as private dollars. Rep. Jackie Speier also introduced companion legislation in the U.S. House of Representatives.