Students didn't pay back loans.
San Francisco Chronicle/Nanette Asimov, 2/6/12. "Some for-profit colleges booted from Cal Grants."
"A little-known California law has dealt a blow to nearly half of the for-profit college campuses in the state, barring them from offering students a coveted Cal Grant this year.
|Good luck, get a good paying job.|
Now, California is tying participation in the Cal Grant program to colleges' three-year student loan default rates. No public campuses are affected by the law, SB70, because none has the toxic combination of a high percentage of borrowers where at least 1 in 4 defaults." Read more.
Reference: 'How to pay off student loans", Wiki How manual, 7 steps, includes video (2:20 minutes).