Abstract

abstract:

Each year, the U.S. Department of Education assigns all private nonprofit and for-profit colleges receiving federal financial aid dollars a financial responsibility score, which is designed to reflect an institution's overall financial stability. Yet no scholarly literature has examined financial responsibility scores or whether colleges respond to this high-stakes accountability policy. In this paper, I use data on financial responsibility scores from the 2006-07 through 2013-14 academic years to explore if colleges respond to not receiving a passing score on the financial responsibility test by changing their revenues, expenditures, or student enrollment. I find little evidence that colleges that did not pass the test changed their fiscal priorities in any meaningful way.

pdf

Additional Information

ISSN
1944-6470
Print ISSN
0098-9495
Pages
pp. 417-439
Launched on MUSE
2018-11-10
Open Access
No
Back To Top

This website uses cookies to ensure you get the best experience on our website. Without cookies your experience may not be seamless.