This is an article that appeared in MarketWatch today...
The Department of Education is giving students and tax payers a more complete picture of the schools it’s monitoring because of concerns about their financial situation or regulatory compliance after pressure from critics.
Earlier this week, the department released a list publicly for the first time of the more than 500 schools on so-called heightened cash monitoring, a designation that means the DOE is paying extra attention to the way those schools use their financial aid funds. But officials redacted the names of 20 schools from the list.
The department named those schools on Friday. Most of those schools are under what the department calls a program review. As part of the review, officials evaluate the school to make sure it’s meeting federal requirements and determine what the school needs to do to fix any compliance issues. The DOE isn’t disclosing any specific details from the program reviews at this point, but in most of those cases, it uncovered “severe” problems while investigating the schools named publicly on Friday.
For the rest of the story....
http://www.marketwatch.com/story/he...ed-because-of-their-shaky-finances-2015-04-03
The Department of Education is giving students and tax payers a more complete picture of the schools it’s monitoring because of concerns about their financial situation or regulatory compliance after pressure from critics.
Earlier this week, the department released a list publicly for the first time of the more than 500 schools on so-called heightened cash monitoring, a designation that means the DOE is paying extra attention to the way those schools use their financial aid funds. But officials redacted the names of 20 schools from the list.
The department named those schools on Friday. Most of those schools are under what the department calls a program review. As part of the review, officials evaluate the school to make sure it’s meeting federal requirements and determine what the school needs to do to fix any compliance issues. The DOE isn’t disclosing any specific details from the program reviews at this point, but in most of those cases, it uncovered “severe” problems while investigating the schools named publicly on Friday.
For the rest of the story....
http://www.marketwatch.com/story/he...ed-because-of-their-shaky-finances-2015-04-03
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