DeSales Earns Highest Score in U.S. Department of Education Fiscal Responsibility Test

by Tom McNamara | Mar 09, 2015

The U.S. Department of Education has released data for the 2013 fiscal year for its financial responsibility test. All private colleges that award federal student aid must participate in the test, which is based on information from their audited financial statements.

The department develops a composite score on a scale of negative 1.0 to positive 3.0, 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. Those with lower scores are subject to additional oversight and, in some cases, must post letters of credit.

DeSales University scored a 3.0 in the test.

Information was reported by The Chronicle of Higher Education.


See More Latest News >>

Looking for something special?

Subscribe:

Student News:

Department News:

For more info:

Tom McNamara
Executive Director of Communications
DeSales University
2255 Station Avenue
Center Valley, PA 18034

610.282.1100 x1219
Tom.McNamara@desales.edu