THE SACRAMENTO BEE: Heald College faces loss of California student aid eligibility

Career College Central Summary:

Already facing imminent closure, the for-profit chain Heald College was hit with a potentially fatal blow this week.
On Tuesday, the U.S. Department of Education barred the school, which operates campuses in Roseville, Rancho Cordova and eight other California cities, from enrolling new students and slapped its parent company with a $30 million fine, citing an investigation that found Heald had routinely falsified its job placement rates and misled potential students.
Now the school may lose out on millions more in Cal Grant scholarships that were set aside for students attending Heald this spring.
The California Student Aid Commission halted payments to Heald in February after it failed to provide required documents demonstrating that it was financially stable. A compromise ultimately allowed Heald to collect about $14 million in aid money if students were able to complete the term, which finished last week.
But that deal is up for consideration again when the commission votes on whether to terminate Heald’s eligibility for the Cal Grant program, 1 p.m. at its office in Rancho Cordova.

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