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Private Colleges That Failed the Education Department’s Financial-Responsibility Test for the 2011 Fiscal Year

August 19, 2013
Finance

Private Colleges That Failed the Education Department’s Financial-Responsibility Test for the 2011 Fiscal Year

Of the 153 degree-granting institutions that failed the test for the 2011 fiscal year—earning scores of 1.4 or below—three-quarters were nonprofit and a quarter were for-profit.

Institution Score Type
Academy of Natural Therapy (Colo.) 0.3 For-profit, 2-year
ACT College (Va.) 1.4 For-profit, 2-year
Acupuncture and Integrative Medicine College-Berkeley (Calif.) -0.5 Nonprofit, 4-year
Adler School of Professional Psychology (Chicago) 1.4 Nonprofit, 4-year
American Conservatory Theater (San Francisco) 1.4 Nonprofit, 4-year
American Indian College of the Assemblies of God (Ariz.) 1.4 Nonprofit, 4-year
Angley College (Fla.) 0.9 For-profit, 4-year
Appalachian Bible College (W.Va.) 0.9 Nonprofit, 4-year
Arizona College of Allied Health -1.0 For-profit, 2-year
Art Institute of Pittsburgh 0.2 For-profit, 4-year
Art Institute of Pittsburgh-Online Division 0.2 For-profit, 4-year
ATA College (Ky.) 1.0 For-profit, 2-year
Atlantic Union College (Mass.) 1.3 Nonprofit, 4-year
Ave Maria School of Law (Fla.) -0.2 Nonprofit, 4-year
Bainbridge Graduate Institute (Wash.) -0.7 Nonprofit, 4-year
Bard College at Simon’s Rock (Mass.) 1.4 Nonprofit, 4-year
Bethany College (Kan.) 0.7 Nonprofit, 4-year
Bethany Lutheran College (Minn.) 1.4 Nonprofit, 4-year
Bethel College (Ind.) 1.2 Nonprofit, 4-year
Biblical Theological Seminary (Pa.) 1.3 Nonprofit, 4-year
Birmingham-Southern College (Ala.) 0.9 Nonprofit, 4-year
Blue Cliff College (La.) 1.0 For-profit, 2-year
Boston Baptist College 1.3 Nonprofit, 4-year
Boulder College of Massage Therapy (Colo.) 1.2 Nonprofit, 2-year
Brevard College (N.C.) 1.1 Nonprofit, 4-year
Brewton-Parker College (Ga.) 1.3 Nonprofit, 4-year
Bryant & Stratton College (Buffalo) 0.2 For-profit, 4-year
Carson-Newman College (Tenn.) 1.4 Nonprofit, 4-year
Central Bible College (Mo.) 1.1 Nonprofit, 4-year
Central Christian College of Kansas 0.7 Nonprofit, 4-year
Christian Life College (Ill.) -0.1 Nonprofit, 4-year
Church Divinity School of the Pacific (Calif.) 1.4 Nonprofit, 4-year
Cincinnati Christian University 1.4 Nonprofit, 4-year
Claremont School of Theology (Calif.) 0.6 Nonprofit, 4-year
Cochran School of Nursing (N.Y.) -0.2 Nonprofit, 2-year
Concordia University (Mich.) -0.2 Nonprofit, 4-year
Corcoran College of Art and Design (D.C.) 1.1 Nonprofit, 4-year
Covenant Theological Seminary (St. Louis) 1.4 Nonprofit, 4-year
Crossroads College (Minn.) -0.6 Nonprofit, 4-year
Crouse Hospital College of Nursing (Syracuse) 0.5 Nonprofit, 2-year
Davis College (N.Y.) 1.2 Nonprofit, 4-year
Dorothea Hopfer School of Nursing at the Mount Vernon Hospital (N.Y.) -0.2 Nonprofit, 2-year
Ecumenical Theological Seminary (Detroit) 1.2 Nonprofit, 4-year
Emmanuel Christian Seminary (Tenn.) 0.7 Nonprofit, 4-year
Erskine College (S.C.) 1.4 Nonprofit, 4-year
Evangel University (Mo.) 0.6 Nonprofit, 4-year
Family of Faith College (Okla.) 1.3 Nonprofit, 4-year
Finlandia University (Mich.) 1.4 Nonprofit, 4-year
Five Towns College (N.Y.) 1.3 For-profit, 4-year
Florida Christian College -0.8 Nonprofit, 4-year
Greensboro College (N.C.) 0.8 Nonprofit, 4-year
Hamilton Technical College (Iowa) 1.2 For-profit, 4-year
Harrisburg University of Science and Technology (Pa.) 1.3 Nonprofit, 4-year
Hebrew College (Mass.) -0.7 Nonprofit, 4-year
Hebrew Theological College (Ill.) 0.8 Nonprofit, 4-year
Hillsdale Free Will Baptist College (Okla.) 1.0 Nonprofit, 4-year
Hiwassee College (Tenn.) 0.6 Nonprofit, 4-year
Hope International University (Calif.) 0.6 Nonprofit, 4-year
Horizon College of San Diego 1.2 Nonprofit, 4-year
Houston Graduate School of Theology -0.1 Nonprofit, 4-year
Institute of World Politics (D.C.) 1.3 Nonprofit, 4-year
Instituto de Banca y Comercio (P.R.) 0.0 For-profit, 2-year
Jose Maria Vargas University (Fla.) -0.7 For-profit, 4-year
Kendall College (Chicago) -0.7 For-profit, 4-year
Kentucky Wesleyan College 1.4 Nonprofit, 4-year
Kuyper College (Mich.) 0.8 Nonprofit, 4-year
La Roche College (Pittsburgh) 1.4 Nonprofit, 4-year
Lebanon College (N.H.) 0.7 Nonprofit, 2-year
Lon Morris College (Texas) 0.6 Nonprofit, 2-year
Long Island College Hospital School of Nursing (N.Y.) -0.7 Nonprofit, 2-year
Long Island University (N.Y.) 1.4 Nonprofit, 4-year
Lutheran School of Theology at Chicago 1.4 Nonprofit, 4-year
Lutheran Theological Seminary at Philadelphia 1.2 Nonprofit, 4-year
MacMurray College (Ill.) 1.4 Nonprofit, 4-year
Martin University (Indianapolis) 1.0 Nonprofit, 4-year
Medtech Institute (Ga.) -0.2 For-profit, 2-year
Meridian Career Institute (Fla.) 0.1 For-profit, 2-year
Midland University (Neb.) 1.1 Nonprofit, 4-year
Miller-Motte Technical College (Va.) 0.2 For-profit, 2-year
Montserrat College of Art (Mass.) 0.3 Nonprofit, 4-year
Multnomah University (Portland) 1.0 Nonprofit, 4-year
Musicians Institute (Calif.) 0.8 For-profit, 4-year
National Hispanic University (Calif.) -1.0 For-profit, 4-year
National Labor College (Md.) -0.5 Nonprofit, 4-year
New Brunswick Theological Seminary (N.J.) 1.0 Nonprofit, 4-year
New England Culinary Institute (Vt.) -0.8 For-profit, 4-year
New Hampshire Institute of Art 1.4 Nonprofit, 4-year
Newport Business Institute (Williamsport, Pa.) 1.4 For-profit, 2-year
Newport Business Institute (Lower Burrell, Pa.) 1.4 For-profit, 2-year
North American Baptist Seminary (S.D.) 0.0 Nonprofit, 4-year
Northcentral University (Ariz.) 0.0 For-profit, 4-year
Northwest School of Wooden Boatbuilding (Wash.) 1.2 Nonprofit, 2-year
Oakbridge Academy of Arts (Pa.) 1.4 For-profit, 2-year
Ohio Mid-Western College 0.2 Nonprofit, 4-year
Ohio Valley University (W.Va.) -0.1 Nonprofit, 4-year
Olivet College (Mich.) 1.4 Nonprofit, 4-year
O’More College of Design (Tenn.) 1.2 Nonprofit, 4-year
Pacific Islands University (Guam) 1.0 Nonprofit, 4-year
Pacific Northwest University of Health Sciences (Wash.) 1.2 Nonprofit, 4-year
Pacific Oaks College (Calif.) 1.3 Nonprofit, 4-year
Paul Quinn College (Dallas) 1.4 Nonprofit, 4-year
Pennsylvania Institute of Technology 0.9 Nonprofit, 2-year
Phillips Graduate Institute (Calif.) -0.3 Nonprofit, 4-year
Pine Manor College (Mass.) 0.5 Nonprofit, 4-year
Pinnacle College (Calif.) 1.1 For-profit, 2-year
Providence Christian College (Calif.) -0.3 Nonprofit, 4-year
Rabbinical College of Telshe (Ohio) 1.1 Nonprofit, 4-year
Rabbinical Seminary of America (N.Y.) 0.9 Nonprofit, 4-year
Remington College (Tex.) -1.0 Nonprofit, 2-year
Robert B. Miller College (Mich.) -1.0 Nonprofit, 4-year
Rochester College (Mich.) -0.6 Nonprofit, 4-year
Saint Peter’s College (Jersey City) 1.3 Nonprofit, 4-year
Santa Fe University of Art and Design (N.M.) 0.5 For-profit, 4-year
Seattle School of Theology and Psychology (The) 1.4 Nonprofit, 4-year
Shepherds Theological Seminary (N.C.) 0.6 Nonprofit, 4-year
Shimer College (Chicago) 1.1 Nonprofit, 4-year
Sojourner-Douglass College (Baltimore) 0.9 Nonprofit, 4-year
Southeast Culinary & Hospitality College (Va.) 0.4 For-profit, 2-year
Southside Regional Medical Center Professional Schools (Va.) -0.4 For-profit, 2-year
Southwest Florida College 0.8 For-profit, 4-year
Southwest Institute of Healing Arts (Ariz.) 1.0 For-profit, 2-year
Spertus College (Chicago) -0.1 Nonprofit, 4-year
Springfield College Illinois 1.3 Nonprofit, 2-year
St. John’s College (Md.) 1.4 Nonprofit, 4-year
Sterling College (Kan.) 1.4 Nonprofit, 4-year
Tai Sophia Institute (Md.) -0.8 Nonprofit, 4-year
Tennessee Wesleyan College 1.4 Nonprofit, 4-year
Thomas More College of Liberal Arts (N.H.) 0.0 Nonprofit, 4-year
Trident University International (Calif.) -1.0 For-profit, 4-year
Trinity Baptist College (Fla.) 1.3 Nonprofit, 4-year
Trinity Bible College (N.D.) 1.0 Nonprofit, 4-year
Trinity Lutheran Seminary (Ohio) 1.4 Nonprofit, 4-year
Universidad Adventista De Las Antillas (P.R.) 1.2 Nonprofit, 4-year
University of Rio Grande (Ohio) 1.4 Nonprofit, 4-year
University of Saint Mary of the Lake-Mundelein Seminary (Ill.) 1.1 Nonprofit, 4-year
Urban College of Boston 0.7 Nonprofit, 2-year
Urshan Graduate School of Theology (Mo.) 0.1 Nonprofit, 4-year
Valley College-Beckley Campus (W.Va.) 0.4 For-profit, 2-year
Valley College-Martinsburg Campus (W.Va.) 0.4 For-profit, 2-year
Valley College-Princeton Campus (W.Va.) 0.4 For-profit, 2-year
Valley Forge Christian College (Pa.) 0.7 Nonprofit, 4-year
Vanguard University of Southern California 1.4 Nonprofit, 4-year
Vatterott College-Omaha 0.5 For-profit, 2-year
Virginia Intermont College 0.9 Nonprofit, 4-year
Virginia Marti College of Art & Design (Ohio) 1.2 For-profit, 2-year
W. L. Bonner College (S.C.) 0.9 Nonprofit, 4-year
Wells College (N.Y.) 1.4 Nonprofit, 4-year
Wesley Biblical Seminary (Miss.) 0.6 Nonprofit, 4-year
Westwood College-Denver North (Colo.) 1.3 For-profit, 4-year
Wheeling Jesuit University (W.Va.) 1.4 Nonprofit, 4-year
Wilberforce University (Ohio) -0.1 Nonprofit, 4-year
Williamson Christian College (Tenn.) -0.1 Nonprofit, 4-year
Yeshiva Shaarei Torah of Rockland (N.Y.) 0.7 Nonprofit, 4-year

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Finance

Private Colleges That Failed the Education Department’s Financial-Responsibility Test for the 2011 Fiscal Year

Of the 153 degree-granting institutions that failed the test for the 2011 fiscal year—earning scores of 1.4 or below—three-quarters were nonprofit and a quarter were for-profit.

Institution Score Type
Academy of Natural Therapy (Colo.) 0.3 For-profit, 2-year
ACT College (Va.) 1.4 For-profit, 2-year
Acupuncture and Integrative Medicine College-Berkeley (Calif.) -0.5 Nonprofit, 4-year
Adler School of Professional Psychology (Chicago) 1.4 Nonprofit, 4-year
American Conservatory Theater (San Francisco) 1.4 Nonprofit, 4-year
American Indian College of the Assemblies of God (Ariz.) 1.4 Nonprofit, 4-year
Angley College (Fla.) 0.9 For-profit, 4-year
Appalachian Bible College (W.Va.) 0.9 Nonprofit, 4-year
Arizona College of Allied Health -1.0 For-profit, 2-year
Art Institute of Pittsburgh 0.2 For-profit, 4-year
Art Institute of Pittsburgh-Online Division 0.2 For-profit, 4-year
ATA College (Ky.) 1.0 For-profit, 2-year
Atlantic Union College (Mass.) 1.3 Nonprofit, 4-year
Ave Maria School of Law (Fla.) -0.2 Nonprofit, 4-year
Bainbridge Graduate Institute (Wash.) -0.7 Nonprofit, 4-year
Bard College at Simon’s Rock (Mass.) 1.4 Nonprofit, 4-year
Bethany College (Kan.) 0.7 Nonprofit, 4-year
Bethany Lutheran College (Minn.) 1.4 Nonprofit, 4-year
Bethel College (Ind.) 1.2 Nonprofit, 4-year
Biblical Theological Seminary (Pa.) 1.3 Nonprofit, 4-year
Birmingham-Southern College (Ala.) 0.9 Nonprofit, 4-year
Blue Cliff College (La.) 1.0 For-profit, 2-year
Boston Baptist College 1.3 Nonprofit, 4-year
Boulder College of Massage Therapy (Colo.) 1.2 Nonprofit, 2-year
Brevard College (N.C.) 1.1 Nonprofit, 4-year
Brewton-Parker College (Ga.) 1.3 Nonprofit, 4-year
Bryant & Stratton College (Buffalo) 0.2 For-profit, 4-year
Carson-Newman College (Tenn.) 1.4 Nonprofit, 4-year
Central Bible College (Mo.) 1.1 Nonprofit, 4-year
Central Christian College of Kansas 0.7 Nonprofit, 4-year
Christian Life College (Ill.) -0.1 Nonprofit, 4-year
Church Divinity School of the Pacific (Calif.) 1.4 Nonprofit, 4-year
Cincinnati Christian University 1.4 Nonprofit, 4-year
Claremont School of Theology (Calif.) 0.6 Nonprofit, 4-year
Cochran School of Nursing (N.Y.) -0.2 Nonprofit, 2-year
Concordia University (Mich.) -0.2 Nonprofit, 4-year
Corcoran College of Art and Design (D.C.) 1.1 Nonprofit, 4-year
Covenant Theological Seminary (St. Louis) 1.4 Nonprofit, 4-year
Crossroads College (Minn.) -0.6 Nonprofit, 4-year
Crouse Hospital College of Nursing (Syracuse) 0.5 Nonprofit, 2-year
Davis College (N.Y.) 1.2 Nonprofit, 4-year
Dorothea Hopfer School of Nursing at the Mount Vernon Hospital (N.Y.) -0.2 Nonprofit, 2-year
Ecumenical Theological Seminary (Detroit) 1.2 Nonprofit, 4-year
Emmanuel Christian Seminary (Tenn.) 0.7 Nonprofit, 4-year
Erskine College (S.C.) 1.4 Nonprofit, 4-year
Evangel University (Mo.) 0.6 Nonprofit, 4-year
Family of Faith College (Okla.) 1.3 Nonprofit, 4-year
Finlandia University (Mich.) 1.4 Nonprofit, 4-year
Five Towns College (N.Y.) 1.3 For-profit, 4-year
Florida Christian College -0.8 Nonprofit, 4-year
Greensboro College (N.C.) 0.8 Nonprofit, 4-year
Hamilton Technical College (Iowa) 1.2 For-profit, 4-year
Harrisburg University of Science and Technology (Pa.) 1.3 Nonprofit, 4-year
Hebrew College (Mass.) -0.7 Nonprofit, 4-year
Hebrew Theological College (Ill.) 0.8 Nonprofit, 4-year
Hillsdale Free Will Baptist College (Okla.) 1.0 Nonprofit, 4-year
Hiwassee College (Tenn.) 0.6 Nonprofit, 4-year
Hope International University (Calif.) 0.6 Nonprofit, 4-year
Horizon College of San Diego 1.2 Nonprofit, 4-year
Houston Graduate School of Theology -0.1 Nonprofit, 4-year
Institute of World Politics (D.C.) 1.3 Nonprofit, 4-year
Instituto de Banca y Comercio (P.R.) 0.0 For-profit, 2-year
Jose Maria Vargas University (Fla.) -0.7 For-profit, 4-year
Kendall College (Chicago) -0.7 For-profit, 4-year
Kentucky Wesleyan College 1.4 Nonprofit, 4-year
Kuyper College (Mich.) 0.8 Nonprofit, 4-year
La Roche College (Pittsburgh) 1.4 Nonprofit, 4-year
Lebanon College (N.H.) 0.7 Nonprofit, 2-year
Lon Morris College (Texas) 0.6 Nonprofit, 2-year
Long Island College Hospital School of Nursing (N.Y.) -0.7 Nonprofit, 2-year
Long Island University (N.Y.) 1.4 Nonprofit, 4-year
Lutheran School of Theology at Chicago 1.4 Nonprofit, 4-year
Lutheran Theological Seminary at Philadelphia 1.2 Nonprofit, 4-year
MacMurray College (Ill.) 1.4 Nonprofit, 4-year
Martin University (Indianapolis) 1.0 Nonprofit, 4-year
Medtech Institute (Ga.) -0.2 For-profit, 2-year
Meridian Career Institute (Fla.) 0.1 For-profit, 2-year
Midland University (Neb.) 1.1 Nonprofit, 4-year
Miller-Motte Technical College (Va.) 0.2 For-profit, 2-year
Montserrat College of Art (Mass.) 0.3 Nonprofit, 4-year
Multnomah University (Portland) 1.0 Nonprofit, 4-year
Musicians Institute (Calif.) 0.8 For-profit, 4-year
National Hispanic University (Calif.) -1.0 For-profit, 4-year
National Labor College (Md.) -0.5 Nonprofit, 4-year
New Brunswick Theological Seminary (N.J.) 1.0 Nonprofit, 4-year
New England Culinary Institute (Vt.) -0.8 For-profit, 4-year
New Hampshire Institute of Art 1.4 Nonprofit, 4-year
Newport Business Institute (Williamsport, Pa.) 1.4 For-profit, 2-year
Newport Business Institute (Lower Burrell, Pa.) 1.4 For-profit, 2-year
North American Baptist Seminary (S.D.) 0.0 Nonprofit, 4-year
Northcentral University (Ariz.) 0.0 For-profit, 4-year
Northwest School of Wooden Boatbuilding (Wash.) 1.2 Nonprofit, 2-year
Oakbridge Academy of Arts (Pa.) 1.4 For-profit, 2-year
Ohio Mid-Western College 0.2 Nonprofit, 4-year
Ohio Valley University (W.Va.) -0.1 Nonprofit, 4-year
Olivet College (Mich.) 1.4 Nonprofit, 4-year
O’More College of Design (Tenn.) 1.2 Nonprofit, 4-year
Pacific Islands University (Guam) 1.0 Nonprofit, 4-year
Pacific Northwest University of Health Sciences (Wash.) 1.2 Nonprofit, 4-year
Pacific Oaks College (Calif.) 1.3 Nonprofit, 4-year
Paul Quinn College (Dallas) 1.4 Nonprofit, 4-year
Pennsylvania Institute of Technology 0.9 Nonprofit, 2-year
Phillips Graduate Institute (Calif.) -0.3 Nonprofit, 4-year
Pine Manor College (Mass.) 0.5 Nonprofit, 4-year
Pinnacle College (Calif.) 1.1 For-profit, 2-year
Providence Christian College (Calif.) -0.3 Nonprofit, 4-year
Rabbinical College of Telshe (Ohio) 1.1 Nonprofit, 4-year
Rabbinical Seminary of America (N.Y.) 0.9 Nonprofit, 4-year
Remington College (Tex.) -1.0 Nonprofit, 2-year
Robert B. Miller College (Mich.) -1.0 Nonprofit, 4-year
Rochester College (Mich.) -0.6 Nonprofit, 4-year
Saint Peter’s College (Jersey City) 1.3 Nonprofit, 4-year
Santa Fe University of Art and Design (N.M.) 0.5 For-profit, 4-year
Seattle School of Theology and Psychology (The) 1.4 Nonprofit, 4-year
Shepherds Theological Seminary (N.C.) 0.6 Nonprofit, 4-year
Shimer College (Chicago) 1.1 Nonprofit, 4-year
Sojourner-Douglass College (Baltimore) 0.9 Nonprofit, 4-year
Southeast Culinary & Hospitality College (Va.) 0.4 For-profit, 2-year
Southside Regional Medical Center Professional Schools (Va.) -0.4 For-profit, 2-year
Southwest Florida College 0.8 For-profit, 4-year
Southwest Institute of Healing Arts (Ariz.) 1.0 For-profit, 2-year
Spertus College (Chicago) -0.1 Nonprofit, 4-year
Springfield College Illinois 1.3 Nonprofit, 2-year
St. John’s College (Md.) 1.4 Nonprofit, 4-year
Sterling College (Kan.) 1.4 Nonprofit, 4-year
Tai Sophia Institute (Md.) -0.8 Nonprofit, 4-year
Tennessee Wesleyan College 1.4 Nonprofit, 4-year
Thomas More College of Liberal Arts (N.H.) 0.0 Nonprofit, 4-year
Trident University International (Calif.) -1.0 For-profit, 4-year
Trinity Baptist College (Fla.) 1.3 Nonprofit, 4-year
Trinity Bible College (N.D.) 1.0 Nonprofit, 4-year
Trinity Lutheran Seminary (Ohio) 1.4 Nonprofit, 4-year
Universidad Adventista De Las Antillas (P.R.) 1.2 Nonprofit, 4-year
University of Rio Grande (Ohio) 1.4 Nonprofit, 4-year
University of Saint Mary of the Lake-Mundelein Seminary (Ill.) 1.1 Nonprofit, 4-year
Urban College of Boston 0.7 Nonprofit, 2-year
Urshan Graduate School of Theology (Mo.) 0.1 Nonprofit, 4-year
Valley College-Beckley Campus (W.Va.) 0.4 For-profit, 2-year
Valley College-Martinsburg Campus (W.Va.) 0.4 For-profit, 2-year
Valley College-Princeton Campus (W.Va.) 0.4 For-profit, 2-year
Valley Forge Christian College (Pa.) 0.7 Nonprofit, 4-year
Vanguard University of Southern California 1.4 Nonprofit, 4-year
Vatterott College-Omaha 0.5 For-profit, 2-year
Virginia Intermont College 0.9 Nonprofit, 4-year
Virginia Marti College of Art & Design (Ohio) 1.2 For-profit, 2-year
W. L. Bonner College (S.C.) 0.9 Nonprofit, 4-year
Wells College (N.Y.) 1.4 Nonprofit, 4-year
Wesley Biblical Seminary (Miss.) 0.6 Nonprofit, 4-year
Westwood College-Denver North (Colo.) 1.3 For-profit, 4-year
Wheeling Jesuit University (W.Va.) 1.4 Nonprofit, 4-year
Wilberforce University (Ohio) -0.1 Nonprofit, 4-year
Williamson Christian College (Tenn.) -0.1 Nonprofit, 4-year
Yeshiva Shaarei Torah of Rockland (N.Y.) 0.7 Nonprofit, 4-year

Note: All private colleges that award federal student aid are subject to the U.S. Education Department’s financial-responsibility test. The department develops a composite score for each college on a scale of 3.0 to -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. Those with scores below 1.0 must post letters of credit. Those with scores of 1.0 to 1.4 are subject to extra monitoring and oversight by the department.

Source: U.S. Education Department

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