The University of California has invested more than $200 million in private equity funds sold by two Silicon Valley venture capital firms. But for years, the firms haven’t provided UC with any information about how each individual investment is performing.
Under the expanded GI Bill passed in 2008, veterans of the Iraq and Afghanistan wars have their college tuition paid for, up to $19,000 a year. But for-profit schools are making billions in GI Bill money and leaving veterans with worthless degrees and few job prospects.