Nationwide credit crunch creates added challenges for 90-10 funding
Not a day goes by that Brian Stewart isn't getting an update from his financial aid office on his school's 90-10 status. It's the ratio of how much tuition comes from federal funding versus private funding or cash. These days, it's constantly changing on the three small campuses of Bryan College. Lose track or miscalculate how much tuition revenue comes from federal funds, and proprietary schools suffer what amounts to a funding death sentence: being cut off from all federal funding.
"If a student is eligible for 100 percent federal funding, you can't deny them that. What do you do? Turning them away has to be considered," said Stewart, President of
Bryan College.