Wednesday, June 9, 2010

Dept. of Ed Seeks to Limit Federal For-Profit Aid

Posted By on Wed, Jun 9, 2010 at 10:27 AM

In April, Boise Weekly reported on the profit margins Idaho's for-profit higher education schools are making while state institutions are feeling the pinch of budget cuts. In that story, Boise State President Bob Kustra expressed his misgivings about for-profit schools' eligibility for federal money, telling BW: "When you take that Pell Grant and give it to a private company, that troubles me a bit."

An NPR story today reported that the U.S. Department of Education is releasing new restrictions that would ban for-profit schools from federal aid if its graduates default on federal loans.

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