If Congress adopts a proposal from President Barack Obama and other Democrats to change how much money for-profit schools may receive from the federal government, hundreds of schools would have to diversify their sources of income or risk losing temporary access to federal dollars.
None of the for-profit institutions in West Virginia surpassed the current requirement that no more than 90 percent of a for-profit school’s revenue comes from Title IV funds, which include federal student loans and Pell Grants, in recent fiscal years. But some came close, according to data released last week by the U.S. Department of Education. The data analyzed schools’ financial years that ended between July 1, 2014, and June 30, 2015.
There were seven West Virginia schools that, between July 1, 2013, and June 30, 2014, likely would not have been in compliance with the rule if Obama’s proposal were in place, according to an analysis by the departments of defense and of veterans affairs.