Calif. Governor Goes After For-Profits With Limits on Cal Grants

For F. King Alexander, president of California State University at Long Beach, the state's formula for distributing student-grant money just doesn't add up.

Students who are enrolled in the California State University system can receive up to $5,472 a year from the main Cal Grant program, and they account for nearly a quarter of those who get the scholarships. But the system over all receives just 13 percent of the nearly $1.6-billion the state awards through the