Post 9/11 GI Bill
"Authors of the working paper speculate on two potential reasons for the differences in earnings between Post-9/11 GI Bill-eligible veterans and their counterparts. The first is that the generous new benefits may have tipped the scales for veterans who were on the fence about attending college. It is also possible that eligible veterans did not select institutions with adequate returns on investment, the paper said. “You have this group of people who are induced into college by these very generous benefits. They don’t have a lot of guidance or support on how to make their choices,” Barr said. “And it appears that a good fraction of the marginal enrollees -- those who are induced in as a result of the benefit expansion -- may have been choosing institutions that, at least on average, don’t have as good returns.” Read more here.