Slight Drop in Colleges in Heightened Cash Monitoring

The Education Department has released a new list of colleges and universities under heightened cash monitoring, which means that they are subject to far greater oversight than other colleges in federal student aid programs. A variety of compliance issues can land a college on the list. Most of the colleges on the list are for-profit institutions.

The latest list, which has 513 colleges on it, was current as of June 1 and may be found here. That total is down slightly from the 528 colleges on the March 1 list.

The Education Department started releasing the lists last year in response to a Freedom of Information Act request by Inside Higher Ed.