In spite of protests on University of California campuses, the board voted to hike tuitions by about 5 percent every year for the next five years.
For-profit colleges are increasingly recruiting veterans, and are taking in a large portion of the billions of dollars in federal grants and loans alloted to vets. One of the for-profit colleges most aggressively recruiting is Kaplan, which owns 75 colleges and the online Kaplan University. Kaplan is also part of the Washington Post Company. Bloomberg News editor-at-large Dan Golden joins us to explain why Kaplan is facing investigations and four whistleblower lawsuits accusing the company of deceptive practices.