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California headed for cuts for for-profit students


California’s student aid commission said on Friday that aid funds going to students at for-profit schools should be slashed first when the state cuts its education budget, Reuters reports. The U.S. Education Department has criticized some for-profit schools, which range from universities offering PhD’s to trade schools offering car-repair training, for low graduation rates and high loan default rates. The California Student Aid Commission, which administers financial aid programs, voted unanimously on Friday to put Cal Grant aid to for-profit schools’ students at the bottom of its priority list when the state is forced to make budget cuts relating to education financing…

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