College gets cash; only 19% graduate

The Detriot Free Press reports:

Taxpayers are spending millions of dollars to help needy students attend Baker College, Michigan's largest private college, where the chances are about one in five that a student will walk away with a degree.

With more than 30,000 students at nine campuses around the state, Baker College received $20.3 million last year in state-funded Michigan Tuition Grants. That's 38% of the much-debated financial-aid program.

Baker's graduation rate -- 19.2% -- lags behind all but one of the state's 27 other private colleges that reported the figures to the government.

"This cries out for answers," said state Rep. Chris Kolb, D-Ann Arbor. "I think people would be very surprised one college is getting one-third of the money and graduating only one out of five students in a timely manner. We have done zero oversight of this program."

Taxpayers paying for failure.How long would this school last without the taxpayers?