The vast majority of California community college students aiming to transfer to a four-year university don't make it there, a recent state audit reveals. Why it matters: While bachelor's degrees aren't required for many jobs,

The change will affect Stanford University, the University of Southern California and other private colleges in the state.

Gov. Gavin Newsom signed a bill into law that makes California the latest state to ban legacy and donor admissions in higher education, including at Stanford and USC.