The 25 colleges and universities with the largest endowments in the country reaped $6.9 billion in Department of Education (ED) funding despite holding a quarter-trillion in existing assets, collectively. This money was distributed as grants, contracts, and direct payments (FY2017) as well as student loans (FY2017-FY2018).
The 50 LOWEST performing junior and community colleges in the nation received $923.5 million in ED student loans (FY2017-FY2018) and grants (FY2017). Of these 50 schools, the 10 which received the most federal funding had a 12 percent graduation rate, on average.
ED overpaid $11 BILLION in PELL GRANTS and LOANS over a two-year period (FY2016-FY2017).
NON-TRADITIONal schools reaped millions of dollars in federal funding (FY2014-FY2017) such as an international school for VIDEO GAME DESIGN ($51.4 million), a school for WODDEN BOAT-MAKING ($781,330), an Arizona college for GUN-SMITHING ($10.4 million), a school for GAMBLING and BARTENDING ($9.5 million), and the Professional GOLFERS Career College ($4.5 million).
The AVERAGE WAGE at the FEDERAL EDUCATION DEPARTMENT in FY2017 was $109,918.
The average employee cost taxpayers $143,992, including benefits.
In May 2018, ED disclosed 3,818 employees – a large DECREASE from 4,642 employees in 2012.
Nearly $700 MILLION in federal funding flowed to schools of COSMETOLOGY, BEAUTY and HAIR, including millions of dollars to industry juggernauts like Empire Beauty School ($65.6 million) and Tricoci University of Beauty Culture ($12.3 million) in the form of grants, direct payments, and contracts (FY2017), as well as student loans (FY2017-FY2018).
Federal funding of $10.5 BILLION flowed to FOR-PROFIT colleges in FY2017. Just 10 for-profit schools received nearly 30 PERCENT of this funding.
Many for-profit colleges have been cited for ALLEGED discrimination, harassment, and even fraud. This funding is comprised of grants, direct payments, and contracts (FY2017) as well as student loans (FY2017-FY2018).
ED spent $1.6 BILLION HIRING COMPANIES to COLLECT and DISPERSE FEDERAL STUDENT LOANS.
ED employees spent 6,522 WORKING-HOURS (FY2016) doing UNION ACTIVITIES rather than working their department jobs. During this time, employees’ hourly wages are still TAXPAYER FUNDED. T
his practice is known as ‘OFFICIAL TIME.’ In March 2018, ED ELIMINATED this policy, SAVING taxpayers roughly $500,000 annually.
EMPLOYEE UNIONS are PRIVATE ORGANIZATIONS, NOT PUBLIC ENTITIES.
The TOP FIVE recipient STATES claimed 36 PERECENT of all ED funding: CALIFORNIA ($18.6 billion), TEXAS ($12.6 billion), NEW YORK ($11.9 billion), FLORIDA ($9.5 billion), and ILLINOIS ($7.2 billion). This funding included grants, contracts, direct payments (FY2017) as well as student loans (FY2017-FY2018). |