Inside Higher Education, 6/29/12


California's budget-related decision to reduce spending on the generous Cal Grant program will hit for-profit career schools the hardest. The "budget plan requires colleges to have a six-year graduation rate of at least 30 percent and a maximum three-year cohort default rate on students loans of 15.5 percent." Community colleges are exempt from these requirments because their students do not rely as heavily on federal loans.

AuthorKeith Blakeman