Previous Posts in This Series:
Updated List of the Institutions on the Department of Education’s Financial Watch List: Part 1: https://academeblog.org/2015/08/06/updated-list-of-the-institutions-on-the-department-of-educations-financial-watch-list-part-1/
Reblogged this on Ohio Higher Ed.
Most of these appear to be cosmetology schools, etc.Are they part of AAUP or Regionally Accredited?
Students attending the institutions are eligible to receive federal financial aid. I believe that accreditation is a prerequisite for students to be eligible to receive that aid. Inclusion on the list indicates, however, that such eligibility may be in some jeopardy.
A large percentage of federal aid goes to students who are attending post-secondary institutions that provide “career training.” Although public and private non-profit technical and community colleges also offer such training, the for-profit institutions, as a group, have had the highest cost, the lowest completion rates, and the highest loan default rates.
This is an update to a list distributed by the Department of Education this spring. I also posted that list, and those posts can be found at: https://academeblog.org/2015/05/18/the-institutions-on-the-department-of-educations-financial-watch-list-part-5/
That list included a total of 15 spreadsheet pages, whereas this list includes 12 pages (I have one more set of four to post). So, there has been some whittling of the original list–I assume because some institutions have corrected the identified problems (some of which may have had simply to do with their reporting of financial data) and at least a few have folded.
This list is one of the major results of the U.S. Senate’s report on for-profit higher education, which was released in 2012. It is named for the chair of the committee that did the investigation, Tom Harkin, the long-serving Democratic senator from Iowa who retired this year.
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