More Than 150 Private Colleges Flunked Financial-Health Test in 2011, U.S. Says

July 23, 2013 Premium content for subscribers. Subscribe Today

More than 150 degree-granting colleges failed the U.S. Department of Education's "financial responsibility" test for the 2011 fiscal year, data released on Monday show.

The number of nonprofit degree-granting institutions that flunked in that year...

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