Welcome to Axis ProRata, where we take just 10 minutes to get you smarter on the collision

of tech, business, and politics. Sponsored by Bridge Bank. Be bold. Venture wisely. I'm Dan Permac.

On today's show, the return of Amazon's Jedi and the coronavirus date that will live in infamy,

the first cheating veterans. So earlier this week, the Federal

Trade Commission announced that five colleges used misleading sales tactics to lure military vets

and their families. The upshot is that the schools now have 60 days to basically fix their

mistakes or else they'll be cut off from the lucrative GI Bill, at least in terms of getting

new students. Why it matters that the GI Bill is one from the lucrative GI Bill, at least in terms of getting new students.

Why it matters that the GI Bill is one of the few bipartisan success stories, not only

of the past century, but specifically of the past decade.

The most recent version was implemented in mid-2009 and since then has provided educational

benefits to nearly 800,000 vets in their families.

But the allegations, these new ones, are an abuse of that goodwill, including from the University

of Phoenix, one of those for-profit college giants that have been favored by the Trump

Education Department under Secretary Betsy DeVos.

The basic accusation against University of Phoenix is that it advertised itself as working

with big tech companies

like Microsoft and Twitter and Adobe to employ its students when it was actually doing no such

thing. Or put another way, it defrauded folks. And now not only is on the hook for $191 million

via a settlement with the FTC last December, in which it didn't admit wrongdoing, but also the

loss of one of its most steady streams of customers, I mean students. In 20 seconds, we'll go

deeper into what all of this means with Washington Post reporter Danielle Douglas Gabriel.

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