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 yearin response to a Freedom of Information Act request by Inside Higher Ed.
Read more at Inside Higher Ed: https://www.insidehighered.com/quicktakes/2016/07/25/slight-drop-colleges-heightened-cash-monitoring