For-Profit Colleges and Cal Grants
March 8, 2011
In California, a student at a for-profit institution can receive up to $9,708 annually via the state’s financial aid program — the same amount as if he or she were enrolled at a private nonprofit college or university. This amount is significantly greater than the $4,884 that a California State University student and the $1,551 a community college student can receive. Only at the University of California can a student earn greater annual awards, with a maximum of $11,124.
The Sacramento Bee estimates that California gives $94 million annually in Cal Grants to students at for-profit institutions — about $20 million more than it gives in aid to community college students. Concerned about the amount of money that commercial colleges receive from the state, some legislators last month proposed reducing the size of Cal Grants to students at for-profit institutions to the amount available to Cal State and community college students, depending on whether the students are working toward a two- or four-year degree.
via News: For-Profit Colleges and Cal Grants – Inside Higher Ed.