The total number of colleges that U.S. Department of Education regulators are more closely monitoring because of concerns about their ability to handle federal funds ticked downward slightly last month, recently released data show.
The Education Department has updated its list of colleges facing extra scrutiny known as heightened cash monitoring. The new list shows that, as of June 1, 413 institutions were on the lower tier of cash monitoring, and 70 institutions were on the more restrictive level.
When the department first published the cash monitoring lists in March, 474 colleges faced the lesser restrictions and 69 colleges were on the higher level of scrutiny.
Read more at Inside Higher Ed: https://www.insidehighered.com/quicktakes/2015/07/14/education-department-updates-cash-monitoring-list