In the last decade more than 500,000 military veterans have used the G.I. Bill to go to college. About $14-15 million of taxpayer money has gone to fund the G.I. Bill. But a lot of that money has gone to for-profit colleges because of a loophole in the law. Those colleges have aggressively targeted veterans who often have little understanding of exactly what they're getting in to.
On Friday, President Obama signed an executive order aimed to protect veterans from deceptive marketing.
"It's not right, they're trying to hoodwink and swindle you. And today here at Fort Stewart, we're going to put an end to that," said President Obama.
Journalist Libby Sander is writing a series of stories on student veterans called "Out of Uniform" and joins the show to share more about President Obama's new measure.
Libby Sander is a staff reporter at The Chronicle of Higher Education.
Correction: During the broadcast and in an earlier version on this article we stated that $90 billion has been used to fund the G.I. Bill so far. In fact, the first 10 years of the Post-9/11 G.I. Bill are expected to cost taxpayers up to $90 billion. Currently, about $14 - $15 billion of taxpayer money has been used.