Education Dept. Updates List of Colleges It Has Subjected to Extra Financial Scrutiny

The U.S. Education Department on Friday released an updated list of colleges that are subject to heightened cash monitoring, an extra level of financial scrutiny. The department identified about two dozen institutions that had been redacted from an earlier version of the list, which the department released on Tuesday. The updated list includes institutions that face heightened cash monitoring as of March 1.

Here’s how the department broke down the revisions in a news release:

Of those institutions, seven grant degrees. The department added one degree-granting institution, Brewton-Parker College, to its list.

The department also released a list of institutions that have since been removed from heightened cash monitoring. Here they are:

Seven of those colleges grant degrees.

Heightened cash monitoring is a type of financial scrutiny that may be best known for leading last year to the demise of the for-profit giant Corinthian Colleges. But Ted Mitchell, the under secretary of education, said in a statement this week that it’s “not necessarily a red flag to students and taxpayers, but it can serve as a caution light.”

Here is an updated table of all the degree-granting institutions that are now subject to either of the two levels of monitoring: