Cal Grant Rules Disqualify 80 Percent of For-Profits - Higher Education
Higher Education News and Jobs

Cal Grant Rules Disqualify 80 Percent of For-Profits

Email


by Associated Press


LOS ANGELES — A state report examining Cal Grant’s new eligibility standards says the tighter rules have disqualified 80 percent of California’s for-profit colleges from the financial aid program.

The state Legislative Analyst’s Office released the 20-page report Monday to update lawmakers on how the rules adopted last year have affected higher education. The new standards were designed to steer students toward a better quality education by avoiding institutions with high loan default rates and low graduation rates.

The report says the tougher standards have worked largely as intended.

Among higher education institutions with large numbers of students receiving federal aid, 35 percent have been barred from receiving Cal Grant students. No state-run colleges were affected.

The report makes three recommendations to improve the system, including a new assessment for measuring default rates.

 

RELATED ARTICLES >>
Six Howard Workers Fired After Nine-Year Financial Scandal Howard University fired six employees last year after an internal investigation found that several university employees misappropriated university-based funds between 2007 and 2016. Dr. Wayne A.I. Frederick, president of Howard, issued a statement...
New Scholarship Fund at School Devotes $20M To DACA Students One thousand DACA students, also called “Dreamers,” will receive full scholarships to pursue an associate’s or bachelor’s degree at Southern New Hampshire University over the next five years. The scholarships, from a fund of $20 million, are made ...
Foundation Report Advises on College ‘Promise’ Programs A report issued this week by a nonpartisan think tank suggests that states considering “free college” policies should avoid unfair cost-containment strategies, communicate with students and families and make bolder investments in higher education. ...
Fewer California Immigrants Seek College Aid LOS ANGELES – A significant decrease has occurred in applications for college financial aid by California students who are in the country illegally after being brought to the U.S. as young children, the Los Angeles Times reported Tuesday. College ...
Semantic Tags:

Leave a Reply

Your email address will not be published. Required fields are marked *