Document:

Inside Higher Education, 6/29/12

Summary:

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.

Posted
AuthorKeith Blakeman