After filing for bankruptcy last year, a judge this week ordered its case to be converted into Chapter 7 after alarms raised by the U.S. trustee’s office.
The agency said the nearly $21.6 million grant competitions do not “align with the objectives established by the Trump Administration.”
States could face hard budgetary decisions ahead as federal stimulus funding runs dry, the State Higher Education Executive Officers Association said.
Republicans proposed a tiered system on wealthy private institutions’ investment income, though experts say higher rates could harm student aid.