List of Universities Under Federal Financial Monitoring Released

The Department of Education recently released a list of schools that it is monitoring for financial reasons. There are several hundred schools on the list, although many appear to be for-profit vocational schools rather than what most people would think of as universities. The for-profit sector comprises most of the list. This extra scrutiny apparently involves extra reporting requirements in order to receive federal student aid money.

There aren’t really any major names on the list, and few details are supplied about the exact reasons why each school is on the list, so being on the list doesn’t necessarily mean that the school is facing a financial crisis. The most notable name that I noticed on the list is the University of Puerto Rico system. The entire government in Puerto Rico has major financial problems (not just the university) and Puerto Rico is also much poorer than the mainland US, so this may just be reflecting a situation that exists independently of the university.