NACUA's Legal Resources staff summarizes current higher education cases and developments and provides the full text of selected cases to members. New cases and developments are archived here for up to 12 months. Cases provided by Fastcase, Inc.
Financial responsibility composite scores were released by the U.S. Department of Education along with a statement explaining the data. The scores were calculated based on audited financial statements submitted to the Department annually by higher education institutions to demonstrate that they are maintaining the standards of financial responsibility required to participate in Title IV programs. An institution's composite score reflects the overall relative financial health of the institution. A score greater than or equal to 1.5 indicates the institution is considered financially responsible, a score between 1.0 and 1.5 indicates that the institution requires additional oversight, and a score below 1.0 indicates that the institution is not financially responsible but may continue to participate in Title IV programs under provisional certification.