Hundreds of Colleges Fail to Make the Grade on Financial Responsibility

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<p>From the Chronicle of Higher Education</p>

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A total of 150 private nonprofit colleges failed the U.S. Department of Education’s “financial-responsibility test” based on their condition in the 2009 fiscal year, data released on Thursday show. That’s 23 more than the 127 that failed the test in the 2008 fiscal year, and an increase of about 70 percent over the number of degree-granting institutions that failed two years ago.

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<p>[150</a> Nonprofit Colleges Fail Education Department’s Test of Financial Strength - Administration - The Chronicle of Higher Education](<a href=“http://chronicle.com/article/150-Nonprofit-Colleges-Fail/123878/]150”>http://chronicle.com/article/150-Nonprofit-Colleges-Fail/123878/)</p>

<p>Read the entire list. Some well known colleges–Guilford for one.</p>

[Brooklynborndad]

<p>few of these are colleges often discussed here.</p>