Home News Could a better monitoring system prevent sudden college closures? – Education Dive

Could a better monitoring system prevent sudden college closures? – Education Dive

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Dive Brief:

  • A report out Thursday from The Century Foundation takes aim at the U.S. Department of Education’s system for monitoring financially struggling colleges, calling the approach “well-intentioned but ineffective.”
  • The left-leaning think tank contends that the composite score used to gauge institutions’ financial health does not provide an accurate read and that corrective action tools, such as letters of credit and cash management, often aren’t implemented early enough to be effective.
  • Among its recommendations are that the department contract with financial advisory firms for holistic reviews, use a college’s enrollment trends as a health indicator, and require struggling schools to put up more collateral sooner.

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