Calif. halts student grants at 10 for-profit colleges


Save Story

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

SACRAMENTO, Calif. (AP) — California has suspended Cal Grants payments to 10 Heald College campuses.

The move will affect 4,497 Cal Grant Awarded students in Heald locations in Roseville, Stockton, Modesto, Concord, Fresno, Rancho Cordova, Hayward, Milpitas, Salinas and San Francisco.

The California Student Aid Commission announced Friday about $1 million in payments to Heald College students were halted after the school failed to provide audited financial statement by the December deadline.

The grants of between $2,000 and $11,000 per student, will be suspended at least until the commission revisits the issue at its next meeting, scheduled for Feb. 20.

In June, Gov. Jerry Brown in June signed into law tougher standards for colleges to qualify to receive Cal Grants as the state sought to save an estimated $55 million and address the state's budget deficit.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Business stories

Related topics

The Associated Press
    KSL.com Beyond Business
    KSL.com Beyond Series

    KSL Weather Forecast

    KSL Weather Forecast
    Play button