Earlier this week, I wrote about the U.S. Department of Education’s pending release of a list of colleges that are currently subject to heightened cash monitoring requirements. On Tuesday morning, ED released the list of 556 colleges (updated to 544 on Friday), thanks to dogged reporting by Michael Stratford at Inside Higher Ed (see his take on the release here).
My interest lies in comparing the colleges facing heightened cash monitoring (HCM) to two other key accountability measures: the percentage of students who default on loans within three years (cohort default rates) and an additional measure of private colleges’ financial strength (financial responsibility scores). I have compiled a dataset with all of the domestic colleges known to be facing HCM, their cohort default rates, and their financial responsibility scores.
That dataset is available for download on my site, and I hope it is useful for those interested in examining these new data on federal accountability policies. I will have a follow-up post with a detailed analysis, but at this point it is more important for me to get the data out in a convenient form to researchers, policymakers, and the public.