Why the Feds Can’t Seem to Rein in For-Profit Colleges — Or Stop Giving Them Money

by Mark Huelsman,  The American Prospect

Last week, after some dogged journalistic legwork by Inside Higher Ed’s Michael Stratford, the Department of Education released a list of 560 colleges that have been placed under a level of extra scrutiny—known as “Heightened Cash Monitoring”—due to concerns about a college’s finances or administrative capacity, or as the result of an audit, or simply because a college didn’t comply with various federal reporting requirements. Under this extra scrutiny, colleges basically have to account for the federal dollars they receive, and can even have their reimbursements from the federal government delayed while regulators ensure they are being responsible with the public dime. Read the entire story.

 

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