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Degree-Granting Institutions With Low Financial-Responsibility Scores in 2009-10

October 12, 2011

All private colleges that award federal student aid must participate in the Department of Education’s financial-responsibility test, which is based on information from their audited financial statements. The department develops a composite score on a scale of 3.0 to minus-1.0, based on financial ratios that measure factors such as net worth, operating losses, and the relationship of assets to liabilities. Institutions with scores of 1.5 to 3 pass.

In addition to being subject to extra monitoring, those with scores below 1.0 are required to post a letter of credit with the department equal to 10 percent of the federal student aid that goes to their students annually.

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The figures shown are for the 180 institutions that received a score below 1.5, as well as the scores that they received in past years, when available. The figures below are for institutional fiscal years ending between July 1 and June 30, and institutions without a score provided for the selected time periods are indicated as “n/a.”

Institution	City	State	Type	2009-10 Score	2008-9 Score	2007-8 Score	2006-7 Score
Academy for Five Element Acupuncture	Gainesville	Fla.	Private nonprofit	0.9	n/a	n/a	n/a
ACT College	Arlington	Va.	Private for-profit	0.6	-0.1	-0.4	-0.3
American Conservatory Theater Foundation	San Francisco	Calif.	Private nonprofit	0.9	0.6	0.6	1.7
American Indian College of the Assemblies of God	Phoenix	Ariz.	Private nonprofit	1.1	1.7	2.6	1.5
Angley College	Deland	Fla.	Private for-profit	1.4	2.8	2.1	3.0
Art Institute of Pittsburgh	Pittsburgh	Pa.	Private for-profit	0.2	n/a	0.2	0.0
Assemblies of God Theological Seminary	Springfield	Mo.	Private nonprofit	1.1	0.7	1.8	1.9
Ave Maria School of Law	Naples	Fla.	Private nonprofit	-0.2	-0.9	-0.9	-0.4
Bacone College	Muskogee	Okla.	Private nonprofit	0.6	0.6	0.9	0.9
Bainbridge Graduate Institute	Bainbridge Island	Wash.	Private nonprofit	0.5	n/a	n/a	n/a
Beckfield College	Florence	Ky.	Private for-profit	0.2	0.2	-0.6	-1.0
Bethany College	Lindsborg	Kan.	Private nonprofit	0.6	n/a	1.1	0.6
Bethel College	Mishawaka	Ind.	Private nonprofit	0.5	0.4	0.1	1.9
Biblical Theological Seminary	Hatfield	Pa.	Private nonprofit	1.4	n/a	0.6	0.6
Bidwell Training Center	Pittsburgh	Pa.	Private nonprofit	0.5	2.4	2.4	2.5
Birmingham Southern College	Birmingham	Ala.	Private nonprofit	0.6	n/a	2.2	2.2
Blue Cliff College	Metairie	La.	Private for-profit	0.2	-1.0	-1.0	2.4
Brescia University	Owensboro	Ky.	Private nonprofit	1.3	0.6	1.9	2.3
Brevard College	Brevard	N.C.	Private nonprofit	1.4	0.6	1.3	2.4
Brewton Parker College	Mount Vernon	Ga.	Private nonprofit	0.5	n/a	1.3	2.3
Bryant & Stratton College	Buffalo	N.Y.	Private for-profit	0.2	0.2	3.0	2.6
California Institute of Integral Studies	San Francisco	Calif.	Private nonprofit	1.2	n/a	0.8	1.8
Calvary Baptist Theological Seminary	Lansdale	Pa.	Private nonprofit	0.8	3.0	1.9	1.9
Carson-Newman College	Jefferson City	Tenn.	Private nonprofit	0.6	2.7	1.5	2.1
Catawba College	Salisbury	N.C.	Private nonprofit	1.4	0.6	2.5	2.2
Central Bible College	Springfield	Mo.	Private nonprofit	1.1	1.5	2.5	1.7
Charles Drew University of Medicine and Science	Los Angeles	Calif.	Private nonprofit	1.2	n/a	2.3	2.9
Chestnut Hill College	Philadelphia	Pa.	Private nonprofit	1.4	1.1	2.7	2.8
Chicago School of Professional Psychology	Chicago	Ill.	Private nonprofit	0.9	n/a	2.4	2.7
Christian Life College	Mount Prospect	Ill.	Private nonprofit	-0.5	n/a	n/a	n/a
Church Divinity School of the Pacific	Berkeley	Calif.	Private nonprofit	0.7	0.6	1.8	3.0
City College	Casselberry	Fla.	Private nonprofit	-0.2	-1.0	-1.0	-1.0
Claremont School of Theology	Claremont	Calif.	Private nonprofit	0.9	n/a	2.2	2.1
Cleveland Chiropractic College	Overland Park	Kan.	Private nonprofit	1.1	2.7	2.6	3.0
Cochran School of Nursing Saint John’s Riverside Hospital	Yonkers	N.Y.	Private nonprofit	-0.6	-1.0	-0.3	0.1
Cogswell Polytechnical College	Sunnyvale	Calif.	Private for-profit	-0.8	n/a	0.6	2.2
Colorado Heights University	Denver	Colo.	Private nonprofit	1.2	2.0	1.8	3.0
Concordia College	Selma	Ala.	Private nonprofit	1.1	n/a	1.2	1.9
Concordia University	Ann Arbor	Mich.	Private nonprofit	0.0	0.6	1.8	1.3
Court Reporting Institute of Louisiana	Baton Rouge	La.	Private for-profit	1.2	2.4	2.3	1.6
Crossroads College	Rochester	Minn.	Private nonprofit	-0.5	-0.6	0.2	0.0
Crouse Hospital School of Nursing	Syracuse	N.Y.	Private nonprofit	0.6	-0.3	2.0	1.3
Dallas Nursing Institute	Dallas	Tex.	Private for-profit	-0.8	1.8	1.5	2.2
Dallas Theological Seminary	Dallas	Tex.	Private nonprofit	1.4	1.0	2.9	3.0
Davis College	Johnson City	N.Y.	Private nonprofit	0.8	0.5	-0.1	0.1
Dorothea Hopfer School of Nursing at the Mount Vernon Hospital	Mount Vernon	N.Y.	Private nonprofit	-0.8	-0.6	-0.9	-0.6
Ecumenical Theological Seminary	Detroit	Mich.	Private nonprofit	0.9	1.1	1.6	2.0
Edward Via Virginia College of Osteopathic Medicine	Blacksburg	Va.	Private nonprofit	1.2	0.0	-0.2	-0.2
Emmanuel School of Religion	Johnson City	Tenn.	Private nonprofit	0.4	n/a	2.2	3.0
Eureka College	Eureka	Ill.	Private nonprofit	1.4	0.8	1.4	1.4
Evangel University	Springfield	Mo.	Private nonprofit	0.6	1.8	1.0	1.4
Family of Faith College	Shawnee	Okla.	Private nonprofit	1.2	2.4	0.9	1.1
Finlandia University	Hancock	Mich.	Private nonprofit	1.4	1.4	1.3	0.9
Florida Christian College	Kissimmee	Fla.	Private nonprofit	-0.8	n/a	1.1	1.7
General Theological Seminary of the Episcopal Church	New York	N.Y.	Private nonprofit	-0.1	n/a	0.2	2.2
Georgetown College	Georgetown	Ky.	Private nonprofit	1.3	0.5	1.7	3.0
Gordon College	Wenham	Mass.	Private nonprofit	1.2	1.0	2.5	2.3
Gratz College	Melrose Park	Pa.	Private nonprofit	1.0	1.4	2.6	2.2
Green Mountain College	Poultney	Vt.	Private nonprofit	1.1	1.7	2.6	2.6
Greensboro College	Greensboro	N.C.	Private nonprofit	1.2	n/a	1.5	3.0
Hamilton Technical College	Davenport	Iowa	Private for-profit	1.2	1.7	2.3	1.5
Hannibal-LaGrange College	Hannibal	Mo.	Private nonprofit	1.4	1.5	2.1	1.8
Harrisburg University of Science and Technology	Harrisburg	Pa.	Private nonprofit	1.4	2.3	2.2	1.2
Hebrew College	Newton Centre	Mass.	Private nonprofit	-0.7	n/a	-0.3	0.6
Hebrew Theological College	Skokie	Ill.	Private nonprofit	0.0	-0.5	-0.2	0.2
Hillsdale Free Will Baptist College	Moore	Okla.	Private nonprofit	0.5	0.7	0.2	0.3
Holy Cross College	Notre Dame	Ind.	Private nonprofit	1.4	1.6	3.0	3.0
Hope International University	Fullerton	Calif.	Private nonprofit	0.6	1.5	-0.2	0.6
Horizon College San Diego	San Diego	Calif.	Private nonprofit	-1.0	n/a	2.9	2.9
Houston Graduate School of Theology	Houston	Tex.	Private nonprofit	0.3	1.7	1.2	-0.9
Illinois Institute of Technology	Chicago	Ill.	Private nonprofit	1.3	n/a	2.2	3.0
Institute of World Politics	Washington	D.C.	Private nonprofit	1.2	1.6	0.9	0.9
IntelliTec Medical Institute	Colorado Springs	Colo.	Private for-profit	0.1	1.5	1.5	1.8
Jarvis Christian College	Hawkins	Tex.	Private nonprofit	1.1	n/a	2.2	2.6
Kendall College	Chicago	Ill.	Private for-profit	-0.9	n/a	-1.0	-1.0
Kentucky Wesleyan College	Owensboro	Ky.	Private nonprofit	1.4	0.6	1.7	3.0
Kuyper College	Grand Rapids	Mich.	Private nonprofit	0.8	0.6	0.7	2.2
La Roche College	Pittsburgh	Pa.	Private nonprofit	0.7	0.5	0.4	0.2
Lambuth University	Jackson	Tenn.	Private nonprofit	-0.2	n/a	0.4	1.7
Lebanon College	Lebanon	N.H.	Private nonprofit	1.1	1.8	1.8	2.5
Lexington College	Chicago	Ill.	Private nonprofit	1.3	n/a	1.2	1.9
Lexington Theological Seminary	Lexington	Ky.	Private nonprofit	0.8	2.2	3.0	2.2
LIM College	New York	N.Y.	Private for-profit	0.4	n/a	2.1	2.6
Lon Morris College	Jacksonville	Tex.	Private nonprofit	0.6	2.2	2.2	0.6
Long Island University	Brookville	N.Y.	Private nonprofit	1.0	1.7	2.5	2.6
Loras College	Dubuque	Iowa	Private nonprofit	1.1	1.8	2.0	2.9
Los Angeles Music Academy	Pasadena	Calif.	Private for-profit	-1.0	-1.0	-0.3	0.0
Lutheran School of Theology at Chicago	Chicago	Ill.	Private nonprofit	1.0	0.6	0.9	1.5
Lutheran Theological Seminary - Philadelphia	Philadelphia	Pa.	Private nonprofit	0.7	0.6	0.7	2.2
Lyme Academy College of Fine Arts	Old Lyme	Conn.	Private nonprofit	1.1	2.2	2.2	3.0
Lyon College	Batesville	Ark.	Private nonprofit	0.9	n/a	2.2	2.2
MacMurray College	Jacksonville	Ill.	Private nonprofit	1.4	0.9	1.4	0.7
Maranatha Baptist Bible College	Watertown	Wis.	Private nonprofit	1.2	1.2	2.1	1.8
Mars Hill Graduate School	Seattle	Wash.	Private nonprofit	1.0	1.2	1.6	0.5
Messenger College	Joplin	Mo.	Private nonprofit	1.2	1.5	1.0	1.0
Metropolitan Career Center/Computer Technology Institute	Philadelphia	Pa.	Private nonprofit	0.8	2.0	2.6	3.0
Midwest University	Wentzville	Mo.	Private nonprofit	0.8	n/a	3.0	1.0
Miller-Motte Technical College	Lynchburg	Va.	Private for-profit	0.2	0.1	-0.5	-0.6
Montreat College	Montreat	N.C.	Private nonprofit	1.2	1.1	1.1	1.6
Montserrat College of Art	Beverly	Mass.	Private nonprofit	1.0	2.4	1.6	0.9
Mount Ida College	Newton	Mass.	Private nonprofit	0.7	0.6	1.6	2.5
Mount Olive College	Mount Olive	N.C.	Private nonprofit	1.4	n/a	1.2	2.1
Mt. Sierra College	Monrovia	Calif.	Private for-profit	1.1	1.8	1.8	1.4
National Institute of Massotherapy	Akron	Ohio	Private for-profit	1.1	-0.5	-0.4	-1.0
National Labor College	Silver Spring	Md.	Private nonprofit	-0.3	0.7	1.0	1.1
New England Culinary Institute	Montpelier	Vt.	Private for-profit	0.0	-1.0	0.3	1.5
New Hampshire Institute of Art	Manchester	N.H.	Private nonprofit	1.3	n/a	1.8	3.0
New York Medical College	Valhalla	N.Y.	Private nonprofit	1.3	n/a	1.6	2.1
North American Baptist Seminary	Sioux Falls	S.D.	Private nonprofit	0.1	0.7	0.7	2.3
Northcentral University	Prescott Valley	Ariz.	Private for-profit	0.2	n/a	n/a	n/a
Northland College	Ashland	Wis.	Private nonprofit	1.2	n/a	2.8	2.9
Northwest Baptist Seminary	Tacoma	Wash.	Private nonprofit	-1.0	n/a	1.9	1.9
Northwest School of Wooden Boat Building	Port Hadlock	Wash.	Private nonprofit	0.3	n/a	n/a	n/a
Notre Dame College of Ohio	South Euclid	Ohio	Private nonprofit	1.0	1.9	2.3	2.4
Ohio Technical College	Cleveland	Ohio	Private for-profit	1.2	1.1	1.4	0.2
Ohio Valley University	Vienna	W.Va.	Private nonprofit	-0.8	-0.6	0.6	0.7
Olivet College	Olivet	Mich.	Private nonprofit	1.4	0.7	1.4	1.5
O’More College of Design	Franklin	Tenn.	Private nonprofit	0.6	n/a	2.4	2.5
Ottawa University	Ottawa	Kan.	Private nonprofit	1.4	n/a	1.1	2.6
Pace University	New York	N.Y.	Private nonprofit	1.2	n/a	2.2	1.8
Pacific Northwest University of Health Sciences	Yakima	Wash.	Private nonprofit	0.1	1.6	2.6	3.0
Pacific States University	Los Angeles	Calif.	Private nonprofit	0.9	3.0	3.0	3.0
Patten University	Oakland	Calif.	Private nonprofit	1.3	1.5	2.7	2.1
Paul Quinn College	Dallas	Tex.	Private nonprofit	1.4	1.4	0.6	1.2
Pfeiffer University	Misenheimer	N.C.	Private nonprofit	1.0	0.7	1.9	2.7
Phillips Graduate Institute	Encino	Calif.	Private nonprofit	-0.4	n/a	1.5	-0.1
Phoenix Institute of Herbal Medicine & Acupuncture	Phoenix	Ariz.	Private for-profit	0.9	-0.7	2.1	1.7
Pikeville College	Pikeville	Ky.	Private nonprofit	1.4	n/a	2.2	2.3
Pontifical John Paul II Institute for Studies on Marriage and Family	Washington	D.C.	Private nonprofit	0.5	1.9	2.1	2.1
Professional Skills Institute	Toledo	Ohio	Private for-profit	1.2	0.2	-0.1	-0.1
Providence Christian College	Pasadena	Calif.	Private nonprofit	-1.0	n/a	2.5	2.5
Rabbinical College of Telshe	Wickliffe	Ohio	Private nonprofit	1.0	1.6	0.6	1.3
Rabbinical Seminary of America	Flushing	N.Y.	Private nonprofit	1.2	2.0	2.0	2.2
Reformed Presbyterian Theological Seminary	Pittsburgh	Pa.	Private nonprofit	1.4	0.8	2.5	3.0
Regis College	Weston	Mass.	Private nonprofit	1.1	n/a	1.7	1.8
Research Medical Center	Kansas City	Mo.	Private for-profit	-0.8	-1.0	-0.7	-0.8
Robert B. Miller College	Battle Creek	Mich.	Private nonprofit	-1.0	-1.0	-1.0	1.3
Rochester College	Rochester Hills	Mich.	Private nonprofit	-1.0	n/a	-0.8	-0.4
Rockford College	Rockford	Ill.	Private nonprofit	1.2	0.1	0.6	1.1
Rockhurst University	Kansas City	Mo.	Private nonprofit	1.4	0.9	2.0	2.0
Saint Joseph’s Seminary and College	Yonkers	N.Y.	Private nonprofit	0.6	1.9	3.0	2.2
Saint Martin’s University	Lacey	Wash.	Private nonprofit	1.1	2.3	2.1	2.9
San Diego Christian College	El Cajon	Calif.	Private nonprofit	1.3	n/a	1.3	2.3
Schiller International University	Largo	Fla.	Private for-profit	-1.0	-1.0	0.2	0.7
Sojourner-Douglass College	Baltimore	Md.	Private nonprofit	0.8	n/a	n/a	n/a
Southeast Culinary & Hospitality College	Bristol	Va.	Private for-profit	0.4	0.2	0.2	0.4
Southeastern Baptist College	Laurel	Miss.	Private nonprofit	1.4	1.5	2.1	3.0
Southwest Florida College	Fort Myers	Fla.	Private for-profit	-1.0	3.0	3.0	2.9
Springfield College Illinois	Springfield	Ill.	Private nonprofit	1.1	0.8	1.0	0.3
St. Andrews Presbyterian College	Laurinburg	N.C.	Private nonprofit	-0.9	n/a	-0.2	-0.2
Sterling College	Sterling	Kan.	Private nonprofit	1.3	0.6	0.6	1.9
Tai Sophia Institute	Laurel	Md.	Private nonprofit	-1.0	-0.6	-0.1	-0.8
Taylor Business Institute	Chicago	Ill.	Private for-profit	1.1	-0.3	0.5	1.0
Temple Baptist College	Cincinnati	Ohio	Private nonprofit	1.1	2.3	1.5	2.4
Tennessee Wesleyan College	Athens	Tenn.	Private nonprofit	0.3	0.3	0.8	2.6
Thomas More College of Liberal Arts	Merrimack	N.H.	Private nonprofit	0.6	-0.8	0.3	2.1
Traditional Chinese Medical College of Hawaii	Kamuela	Hawaii	Private nonprofit	1.2	1.2	0.6	-0.5
Trident University International	Cypress	Calif.	Private for-profit	0.2	0.2	-1.0	n/a
Trinity Bible College	Ellendale	N.D.	Private nonprofit	0.5	n/a	1.2	2.1
Trinity Lutheran Seminary	Columbus	Ohio	Private nonprofit	0.6	n/a	2.2	2.5
United Theological Seminary	Trotwood	Ohio	Private nonprofit	0.6	n/a	1.3	1.0
United Theological Seminary of the Twin Cities	New Brighton	Minn.	Private nonprofit	1.3	0.6	2.2	2.6
University of East-West Medicine	Sunnyvale	Calif.	Private for-profit	-0.1	1.6	3.0	3.0
University of Mobile	Mobile	Ala.	Private nonprofit	1.2	1.9	1.6	1.6
University of Rio Grande	Rio Grande	Ohio	Private nonprofit	0.6	n/a	0.9	3.0
University of St. Mary of the Lake/Mundelein Seminary	Mundelein	Ill.	Private nonprofit	-0.1	0.6	2.6	2.6
Urshan Graduate School of Theology	Florissant	Mo.	Private nonprofit	-0.2	0.7	1.8	1.8
Valley Forge Christian College	Phoenixville	Pa.	Private nonprofit	0.5	0.2	0.6	0.6
Vanguard University of Southern California	Costa Mesa	Calif.	Private nonprofit	0.4	n/a	-0.1	1.4
Vatterott College	Omaha	Neb.	Private for-profit	0.2	0.4	0.4	0.3
Virginia Intermont College	Bristol	Va.	Private nonprofit	0.5	1.2	1.5	1.5
Warner Pacific College	Portland	Ore.	Private nonprofit	1.3	0.7	1.5	2.1
Warner University	Lake Wales	Fla.	Private nonprofit	0.6	2.2	2.6	3.0
Washington Theological Union	Washington	D.C.	Private nonprofit	1.3	n/a	1.6	2.4
Wesley Biblical Seminary	Jackson	Miss.	Private nonprofit	0.6	0.6	0.9	3.0
Wesleyan College	Macon	Ga.	Private nonprofit	0.8	0.6	3.0	3.0
West Virginia Wesleyan College	Buckannon	W.Va.	Private nonprofit	1.4	1.9	2.7	2.6
William Penn University	Oskaloosa	Iowa	Private nonprofit	1.0	n/a	2.1	1.4
Winebrenner Theological Seminary	Findlay	Ohio	Private nonprofit	0.6	0.6	2.0	1.5
Yeshiva Shaarei Torah of Rockland	Suffern	N.Y.	Private nonprofit	0.6	1.0	2.2	1.8

Source: Department of Education