All private colleges that award federal student aid must participate in the Department of Education's financial-responsibility test, which is based on information from their audited financial statements. The department develops a composite score on a scale of 3.0 to minus-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.

In addition to being subject to extra monitoring, those with scores below 1.0 are required to post a letter of credit with the department equal to 10 percent of the federal student aid that goes to their students annually.

The figures shown are for the 180 institutions that received a score below 1.5, as well as the scores that they received in past years, when available. The figures below are for institutional fiscal years ending between July 1 and June 30, and institutions without a score provided for the selected time periods are indicated as "n/a."

Institution City State Type 2009-10 Score 2008-9 Score 2007-8 Score 2006-7 Score
Academy for Five Element Acupuncture Gainesville Fla. Private nonprofit 0.9 n/a n/a n/a
ACT College Arlington Va. Private for-profit 0.6 -0.1 -0.4 -0.3
American Conservatory Theater Foundation San Francisco Calif. Private nonprofit 0.9 0.6 0.6 1.7
American Indian College of the Assemblies of God Phoenix Ariz. Private nonprofit 1.1 1.7 2.6 1.5
Angley College Deland Fla. Private for-profit 1.4 2.8 2.1 3.0
Art Institute of Pittsburgh
 Pittsburgh Pa. Private for-profit 0.2 n/a 0.2 0.0
Assemblies of God Theological Seminary Springfield Mo. Private nonprofit 1.1 0.7 1.8 1.9
Ave Maria School of Law Naples Fla. Private nonprofit -0.2 -0.9 -0.9 -0.4
Bacone College Muskogee Okla. Private nonprofit 0.6 0.6 0.9 0.9
Bainbridge Graduate Institute Bainbridge Island Wash. Private nonprofit 0.5 n/a n/a n/a
Beckfield College Florence Ky. Private for-profit 0.2 0.2 -0.6 -1.0
Bethany College Lindsborg Kan. Private nonprofit 0.6 n/a 1.1 0.6
Bethel College Mishawaka Ind. Private nonprofit 0.5 0.4 0.1 1.9
Biblical Theological Seminary Hatfield Pa. Private nonprofit 1.4 n/a 0.6 0.6
Bidwell Training Center Pittsburgh Pa. Private nonprofit 0.5 2.4 2.4 2.5
Birmingham Southern College Birmingham Ala. Private nonprofit 0.6 n/a 2.2 2.2
Blue Cliff College Metairie La. Private for-profit 0.2 -1.0 -1.0 2.4
Brescia University Owensboro Ky. Private nonprofit 1.3 0.6 1.9 2.3
Brevard College Brevard N.C. Private nonprofit 1.4 0.6 1.3 2.4
Brewton Parker College Mount Vernon Ga. Private nonprofit 0.5 n/a 1.3 2.3
Bryant & Stratton College Buffalo N.Y. Private for-profit 0.2 0.2 3.0 2.6
California Institute of Integral Studies San Francisco Calif. Private nonprofit 1.2 n/a 0.8 1.8
Calvary Baptist Theological Seminary Lansdale Pa. Private nonprofit 0.8 3.0 1.9 1.9
Carson-Newman College Jefferson City Tenn. Private nonprofit 0.6 2.7 1.5 2.1
Catawba College Salisbury N.C. Private nonprofit 1.4 0.6 2.5 2.2
Central Bible College Springfield Mo. Private nonprofit 1.1 1.5 2.5 1.7
Charles Drew University of Medicine and Science Los Angeles Calif. Private nonprofit 1.2 n/a 2.3 2.9
Chestnut Hill College Philadelphia Pa. Private nonprofit 1.4 1.1 2.7 2.8
Chicago School of Professional Psychology Chicago Ill. Private nonprofit 0.9 n/a 2.4 2.7
Christian Life College Mount Prospect Ill. Private nonprofit -0.5 n/a n/a n/a
Church Divinity School of the Pacific Berkeley Calif. Private nonprofit 0.7 0.6 1.8 3.0
City College Casselberry Fla. Private nonprofit -0.2 -1.0 -1.0 -1.0
Claremont School of Theology Claremont Calif. Private nonprofit 0.9 n/a 2.2 2.1
Cleveland Chiropractic College Overland Park Kan. Private nonprofit 1.1 2.7 2.6 3.0
Cochran School of Nursing Saint John's Riverside Hospital Yonkers N.Y. Private nonprofit -0.6 -1.0 -0.3 0.1
Cogswell Polytechnical College Sunnyvale Calif. Private for-profit -0.8 n/a 0.6 2.2
Colorado Heights University Denver Colo. Private nonprofit 1.2 2.0 1.8 3.0
Concordia College Selma Ala. Private nonprofit 1.1 n/a 1.2 1.9
Concordia University Ann Arbor Mich. Private nonprofit 0.0 0.6 1.8 1.3
Court Reporting Institute of Louisiana Baton Rouge La. Private for-profit 1.2 2.4 2.3 1.6
Crossroads College Rochester Minn. Private nonprofit -0.5 -0.6 0.2 0.0
Crouse Hospital School of Nursing Syracuse N.Y. Private nonprofit 0.6 -0.3 2.0 1.3
Dallas Nursing Institute Dallas Tex. Private for-profit -0.8 1.8 1.5 2.2
Dallas Theological Seminary Dallas Tex. Private nonprofit 1.4 1.0 2.9 3.0
Davis College Johnson City N.Y. Private nonprofit 0.8 0.5 -0.1 0.1
Dorothea Hopfer School of Nursing at the Mount Vernon Hospital
 Mount Vernon N.Y. Private nonprofit -0.8 -0.6 -0.9 -0.6
Ecumenical Theological Seminary Detroit Mich. Private nonprofit 0.9 1.1 1.6 2.0
Edward Via Virginia College of Osteopathic Medicine Blacksburg Va. Private nonprofit 1.2 0.0 -0.2 -0.2
Emmanuel School of Religion Johnson City Tenn. Private nonprofit 0.4 n/a 2.2 3.0
Eureka College Eureka Ill. Private nonprofit 1.4 0.8 1.4 1.4
Evangel University Springfield Mo. Private nonprofit 0.6 1.8 1.0 1.4
Family of Faith College Shawnee Okla. Private nonprofit 1.2 2.4 0.9 1.1
Finlandia University Hancock Mich. Private nonprofit 1.4 1.4 1.3 0.9
Florida Christian College Kissimmee Fla. Private nonprofit -0.8 n/a 1.1 1.7
General Theological Seminary of the Episcopal Church New York N.Y. Private nonprofit -0.1 n/a 0.2 2.2
Georgetown College Georgetown Ky. Private nonprofit 1.3 0.5 1.7 3.0
Gordon College Wenham Mass. Private nonprofit 1.2 1.0 2.5 2.3
Gratz College Melrose Park Pa. Private nonprofit 1.0 1.4 2.6 2.2
Green Mountain College Poultney Vt. Private nonprofit 1.1 1.7 2.6 2.6
Greensboro College Greensboro N.C. Private nonprofit 1.2 n/a 1.5 3.0
Hamilton Technical College Davenport Iowa Private for-profit 1.2 1.7 2.3 1.5
Hannibal-LaGrange College Hannibal Mo. Private nonprofit 1.4 1.5 2.1 1.8
Harrisburg University of Science and Technology Harrisburg Pa. Private nonprofit 1.4 2.3 2.2 1.2
Hebrew College Newton Centre Mass. Private nonprofit -0.7 n/a -0.3 0.6
Hebrew Theological College Skokie Ill. Private nonprofit 0.0 -0.5 -0.2 0.2
Hillsdale Free Will Baptist College Moore Okla. Private nonprofit 0.5 0.7 0.2 0.3
Holy Cross College Notre Dame Ind. Private nonprofit 1.4 1.6 3.0 3.0
Hope International University Fullerton Calif. Private nonprofit 0.6 1.5 -0.2 0.6
Horizon College San Diego San Diego Calif. Private nonprofit -1.0 n/a 2.9 2.9
Houston Graduate School of Theology Houston Tex. Private nonprofit 0.3 1.7 1.2 -0.9
Illinois Institute of Technology Chicago Ill. Private nonprofit 1.3 n/a 2.2 3.0
Institute of World Politics
 Washington D.C. Private nonprofit 1.2 1.6 0.9 0.9
IntelliTec Medical Institute Colorado Springs Colo. Private for-profit 0.1 1.5 1.5 1.8
Jarvis Christian College Hawkins Tex. Private nonprofit 1.1 n/a 2.2 2.6
Kendall College Chicago Ill. Private for-profit -0.9 n/a -1.0 -1.0
Kentucky Wesleyan College Owensboro Ky. Private nonprofit 1.4 0.6 1.7 3.0
Kuyper College Grand Rapids Mich. Private nonprofit 0.8 0.6 0.7 2.2
La Roche College Pittsburgh Pa. Private nonprofit 0.7 0.5 0.4 0.2
Lambuth University Jackson Tenn. Private nonprofit -0.2 n/a 0.4 1.7
Lebanon College Lebanon N.H. Private nonprofit 1.1 1.8 1.8 2.5
Lexington College Chicago Ill. Private nonprofit 1.3 n/a 1.2 1.9
Lexington Theological Seminary Lexington Ky. Private nonprofit 0.8 2.2 3.0 2.2
LIM College New York N.Y. Private for-profit 0.4 n/a 2.1 2.6
Lon Morris College Jacksonville Tex. Private nonprofit 0.6 2.2 2.2 0.6
Long Island University Brookville N.Y. Private nonprofit 1.0 1.7 2.5 2.6
Loras College Dubuque Iowa Private nonprofit 1.1 1.8 2.0 2.9
Los Angeles Music Academy Pasadena Calif. Private for-profit -1.0 -1.0 -0.3 0.0
Lutheran School of Theology at Chicago Chicago Ill. Private nonprofit 1.0 0.6 0.9 1.5
Lutheran Theological Seminary - Philadelphia Philadelphia Pa. Private nonprofit 0.7 0.6 0.7 2.2
Lyme Academy College of Fine Arts Old Lyme Conn. Private nonprofit 1.1 2.2 2.2 3.0
Lyon College Batesville Ark. Private nonprofit 0.9 n/a 2.2 2.2
MacMurray College Jacksonville Ill. Private nonprofit 1.4 0.9 1.4 0.7
Maranatha Baptist Bible College Watertown Wis. Private nonprofit 1.2 1.2 2.1 1.8
Mars Hill Graduate School Seattle Wash. Private nonprofit 1.0 1.2 1.6 0.5
Messenger College Joplin Mo. Private nonprofit 1.2 1.5 1.0 1.0
Metropolitan Career Center/Computer Technology Institute Philadelphia Pa. Private nonprofit 0.8 2.0 2.6 3.0
Midwest University Wentzville Mo. Private nonprofit 0.8 n/a 3.0 1.0
Miller-Motte Technical College Lynchburg Va. Private for-profit 0.2 0.1 -0.5 -0.6
Montreat College Montreat N.C. Private nonprofit 1.2 1.1 1.1 1.6
Montserrat College of Art Beverly Mass. Private nonprofit 1.0 2.4 1.6 0.9
Mount Ida College Newton Mass. Private nonprofit 0.7 0.6 1.6 2.5
Mount Olive College Mount Olive N.C. Private nonprofit 1.4 n/a 1.2 2.1
Mt. Sierra College Monrovia Calif. Private for-profit 1.1 1.8 1.8 1.4
National Institute of Massotherapy Akron Ohio Private for-profit 1.1 -0.5 -0.4 -1.0
National Labor College Silver Spring Md. Private nonprofit -0.3 0.7 1.0 1.1
New England Culinary Institute Montpelier Vt. Private for-profit 0.0 -1.0 0.3 1.5
New Hampshire Institute of Art Manchester N.H. Private nonprofit 1.3 n/a 1.8 3.0
New York Medical College Valhalla N.Y. Private nonprofit 1.3 n/a 1.6 2.1
North American Baptist Seminary Sioux Falls S.D. Private nonprofit 0.1 0.7 0.7 2.3
Northcentral University Prescott Valley Ariz. Private for-profit 0.2 n/a n/a n/a
Northland College Ashland Wis. Private nonprofit 1.2 n/a 2.8 2.9
Northwest Baptist Seminary Tacoma Wash. Private nonprofit -1.0 n/a 1.9 1.9
Northwest School of Wooden Boat Building Port Hadlock Wash. Private nonprofit 0.3 n/a n/a n/a
Notre Dame College of Ohio South Euclid Ohio Private nonprofit 1.0 1.9 2.3 2.4
Ohio Technical College Cleveland Ohio Private for-profit 1.2 1.1 1.4 0.2
Ohio Valley University Vienna W.Va. Private nonprofit -0.8 -0.6 0.6 0.7
Olivet College Olivet Mich. Private nonprofit 1.4 0.7 1.4 1.5
O'More College of Design Franklin Tenn. Private nonprofit 0.6 n/a 2.4 2.5
Ottawa University Ottawa Kan. Private nonprofit 1.4 n/a 1.1 2.6
Pace University New York N.Y. Private nonprofit 1.2 n/a 2.2 1.8
Pacific Northwest University of Health Sciences Yakima Wash. Private nonprofit 0.1 1.6 2.6 3.0
Pacific States University Los Angeles Calif. Private nonprofit 0.9 3.0 3.0 3.0
Patten University Oakland Calif. Private nonprofit 1.3 1.5 2.7 2.1
Paul Quinn College Dallas Tex. Private nonprofit 1.4 1.4 0.6 1.2
Pfeiffer University Misenheimer N.C. Private nonprofit 1.0 0.7 1.9 2.7
Phillips Graduate Institute Encino Calif. Private nonprofit -0.4 n/a 1.5 -0.1
Phoenix Institute of Herbal Medicine & Acupuncture Phoenix Ariz. Private for-profit 0.9 -0.7 2.1 1.7
Pikeville College Pikeville Ky. Private nonprofit 1.4 n/a 2.2 2.3
Pontifical John Paul II Institute for Studies on Marriage and Family Washington D.C. Private nonprofit 0.5 1.9 2.1 2.1
Professional Skills Institute Toledo Ohio Private for-profit 1.2 0.2 -0.1 -0.1
Providence Christian College Pasadena Calif. Private nonprofit -1.0 n/a 2.5 2.5
Rabbinical College of Telshe Wickliffe Ohio Private nonprofit 1.0 1.6 0.6 1.3
Rabbinical Seminary of America Flushing N.Y. Private nonprofit 1.2 2.0 2.0 2.2
Reformed Presbyterian Theological Seminary Pittsburgh Pa. Private nonprofit 1.4 0.8 2.5 3.0
Regis College Weston Mass. Private nonprofit 1.1 n/a 1.7 1.8
Research Medical Center Kansas City Mo. Private for-profit -0.8 -1.0 -0.7 -0.8
Robert B. Miller College
 Battle Creek Mich. Private nonprofit -1.0 -1.0 -1.0 1.3
Rochester College Rochester Hills Mich. Private nonprofit -1.0 n/a -0.8 -0.4
Rockford College Rockford Ill. Private nonprofit 1.2 0.1 0.6 1.1
Rockhurst University Kansas City Mo. Private nonprofit 1.4 0.9 2.0 2.0
Saint Joseph's Seminary and College Yonkers N.Y. Private nonprofit 0.6 1.9 3.0 2.2
Saint Martin's University Lacey Wash. Private nonprofit 1.1 2.3 2.1 2.9
San Diego Christian College El Cajon Calif. Private nonprofit 1.3 n/a 1.3 2.3
Schiller International University Largo Fla. Private for-profit -1.0 -1.0 0.2 0.7
Sojourner-Douglass College Baltimore Md. Private nonprofit 0.8 n/a n/a n/a
Southeast Culinary & Hospitality College Bristol Va. Private for-profit 0.4 0.2 0.2 0.4
Southeastern Baptist College Laurel Miss. Private nonprofit 1.4 1.5 2.1 3.0
Southwest Florida College Fort Myers Fla. Private for-profit -1.0 3.0 3.0 2.9
Springfield College Illinois Springfield Ill. Private nonprofit 1.1 0.8 1.0 0.3
St. Andrews Presbyterian College Laurinburg N.C. Private nonprofit -0.9 n/a -0.2 -0.2
Sterling College Sterling Kan. Private nonprofit 1.3 0.6 0.6 1.9
Tai Sophia Institute Laurel Md. Private nonprofit -1.0 -0.6 -0.1 -0.8
Taylor Business Institute Chicago Ill. Private for-profit 1.1 -0.3 0.5 1.0
Temple Baptist College Cincinnati Ohio Private nonprofit 1.1 2.3 1.5 2.4
Tennessee Wesleyan College Athens Tenn. Private nonprofit 0.3 0.3 0.8 2.6
Thomas More College of Liberal Arts Merrimack N.H. Private nonprofit 0.6 -0.8 0.3 2.1
Traditional Chinese Medical College of Hawaii Kamuela Hawaii Private nonprofit 1.2 1.2 0.6 -0.5
Trident University International Cypress Calif. Private for-profit 0.2 0.2 -1.0 n/a
Trinity Bible College Ellendale N.D. Private nonprofit 0.5 n/a 1.2 2.1
Trinity Lutheran Seminary Columbus Ohio Private nonprofit 0.6 n/a 2.2 2.5
United Theological Seminary Trotwood Ohio Private nonprofit 0.6 n/a 1.3 1.0
United Theological Seminary of the Twin Cities New Brighton Minn. Private nonprofit 1.3 0.6 2.2 2.6
University of East-West Medicine Sunnyvale Calif. Private for-profit -0.1 1.6 3.0 3.0
University of Mobile Mobile Ala. Private nonprofit 1.2 1.9 1.6 1.6
University of Rio Grande Rio Grande Ohio Private nonprofit 0.6 n/a 0.9 3.0
University of St. Mary of the Lake/Mundelein Seminary Mundelein Ill. Private nonprofit -0.1 0.6 2.6 2.6
Urshan Graduate School of Theology Florissant Mo. Private nonprofit -0.2 0.7 1.8 1.8
Valley Forge Christian College Phoenixville Pa. Private nonprofit 0.5 0.2 0.6 0.6
Vanguard University of Southern California Costa Mesa Calif. Private nonprofit 0.4 n/a -0.1 1.4
Vatterott College Omaha Neb. Private for-profit 0.2 0.4 0.4 0.3
Virginia Intermont College Bristol Va. Private nonprofit 0.5 1.2 1.5 1.5
Warner Pacific College Portland Ore. Private nonprofit 1.3 0.7 1.5 2.1
Warner University Lake Wales Fla. Private nonprofit 0.6 2.2 2.6 3.0
Washington Theological Union Washington D.C. Private nonprofit 1.3 n/a 1.6 2.4
Wesley Biblical Seminary Jackson Miss. Private nonprofit 0.6 0.6 0.9 3.0
Wesleyan College Macon Ga. Private nonprofit 0.8 0.6 3.0 3.0
West Virginia Wesleyan College Buckannon W.Va. Private nonprofit 1.4 1.9 2.7 2.6
William Penn University Oskaloosa Iowa Private nonprofit 1.0 n/a 2.1 1.4
Winebrenner Theological Seminary Findlay Ohio Private nonprofit 0.6 0.6 2.0 1.5
Yeshiva Shaarei Torah of Rockland Suffern N.Y. Private nonprofit 0.6 1.0 2.2 1.8

 

Source: Department of Education