Wednesday, September 24, 2014

John Kline's favorite for-profit colleges receive much more in federal funding than you think

How much does your college bring in from the GI Bill? If you attend a for-profit college, most likely a lot. Below is a look at the amount Globe University / Minnesota School of Business and Globe Education Network schools have brought in from the GI Bill for years 2009-2010, 2011-2012, 2012-2013. The Globe University headquarters is located inside John Kline's district and one of his largest donors.

Federal funding schools receive from the GI Bill is not considered Title IV funding and not factored into the 90/10 rule, which mandates that for-profit colleges cannot receive more than 90% of their revenues from Title IV federal student aid. If, however, this were considered part of Title IV federal student aid, many schools would be very close or exceed 90%. Broadview University is a good example. Currently, 20% of Broadview's students are veterans. In the 2011-2012 year,  Broadview University received $15,759,749 in federal student aid, which calculates to 79.62% of their total revenue. That same year, Broadview University campuses collectively received $1,078,841 from the GI Bill. If this were considered Title IV federal student aid, it would push Broadview University's Title IV revenue to 89%- just a hair below 90%.

This, of course does not include the federal funding that Broadview (as well as other Globe Education Network schools) receives from other federal funding sources such as the Workforce Investment Act (WIA) and the Trade Assistance Adjustment program (TAA). If all of this were included as well, it would be interesting to see if Broadview's total revenue exceed 90% from government funding.

Data from

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