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In fiscal year 2024, the Education Department spent about $161 billion -- 60% of its $268 billion budget -- to fund its office of Federal StudentAid , the countrys largest provider of studentfinancialaid. Note that some federal educationprograms are funded by other government agencies.
In contrast to Zovio’s fate, Graham Holdings has not been forced out of the 2017 deal in which it sold predatory for-profit Kaplan University to an Indiana state institution, Purdue University. Cutting costs at the school in order to pay Graham Holdings’ fees would likely mean lower-quality educationalprograms.
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