Lawmakers Unlikely to Heed Call to Cut Grants for Students at For-Profit Colleges

As the state continues to struggle financially, lawmakers say they may look at cutting financial aid for students who attend for-profit colleges — but at this point the issue isn't high on their to-do list.

Minnesota is one of the most generous states in the country when it comes to providing financial aid to students at for-profit colleges.

Jake Pfeffer of White Bear Lake will pay around $52,000 to get his music business degree at Globe University in Woodbury.

Pfeffer, 21, will pay for about half with student loans and the rest with help from federal and state financial aid. $2,000 will come from Minnesota's State Grant program.

"To some people it won't seem like a lot," Pfeffer said. "But every dollar helps. Money is really tight when you're going to college; you're trying to work all the time and college is expensive."

The Minnesota State Grant program is open to students from low-income families, regardless of the school they attend.

In recent years, there's been a growing debate over whether students who attend private for-profit colleges, like Globe University, should receive financial aid from the taxpayer-funded program.

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