The parent companies of the University of Phoenix and Art Institutes chains, as well as ITT Tech and Strayer University would be at risk of losing all federal funding if not for the exemption, according to a Senate report.
Substandard for-profit schools in California get millions in GI Bill funds, with the most going to the University of Phoenix, San Diego. But some veterans say they are left with worthless degrees and few job prospects.
UCLA continued to approve luxury accommodations for two of its biggest spenders, despite criticism for lavish travel and entertainment expenses by its top academic officials. The university now has issued new travel guidelines that restrict some expenditures.
The Center for Investigative Reporting’s analysis of the University of California’s endowment performance focused on the 10 U.S. universities with the largest endowments, based on data compiled by the National Association of College and University Business Officers.
Better performance from fiscal 2004 through 2013 would have meant tens of millions of dollars a year to spend during a decade when the state’s premier public university system saw massive cuts in state funding.