Once the students picked up their financial aid checks, they managed to either stop enrollment or withdrew from class without the college realizing it, and pocketed nearly $3,000 each.
Millions of dollars in financial aid is being unclaimed by California low-income students qualified for college.
A state report examining Cal Grant’s new eligibility standards says the tighter rules have disqualified 80 percent of California’s for-profit colleges from the financial aid program.
California’s move to tighten eligibility requirements for its Cal Grant program will eliminate or reduce awards to 14,500 students, most of them enrolled in for-profit colleges such as the University of Phoenix, the California Student Aid Commission announced Tuesday.
Four former recruiters at the Academy of Art University in San Francisco are accusing school officials of using an illegal compensation plan to cheat the federal government out of millions of dollars in financial aid.
Less than a week after Chancellor Charles Reed ordered that $90 million of financial aid be reallocated from tuition grants, abruptly eliminating a vital source of support for 20,000 grad students at all 23 CSU campuses, university officials announced the grant program had been saved.
The University of California, Berkeley is launching a new financial aid program for middle-class students.
One day before the Oct. 9 deadline to approve or veto a bill that would allow undocumented students to receive public financial aid for higher education, Gov. Jerry Brown announced Saturday that he signed the California DREAM Act.
A growing number of college graduates are having trouble paying their student loans. Defaults are up dramatically, and some experts think it’s going to get worse as the economy continues to struggle.
Gov. Jerry Brown on Monday signed a bill that will let students who entered the country illegally receive private financial aid at California’s public colleges.