(864) 977-7000
 


NGU Scores High on Financial Responsibility Test

The U.S. Department of Education recently released data for the 2013 fiscal year financial-responsibility test for 1,880 degree-granting institutions. All private colleges that award federal student aid must participate in the test, which is based on information from the institutions audited financial statements. While over 150 degree-granting institutions failed the test, North Greenville University received the highest composite score.

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. North Greenville University scored a three.

It should be noted that composite scores are only one of several factors that the Department uses to assess an institution's financial responsibility compliance and is not a reflection of the quality of education at a given school.

To find out more information about composite scores and other required financial standards, refer to the Financial Standards chapter of the Federal Student Aid Handbook produced by the Department.

For more information about this subject visit studentaid.ed.gov/about/data-center/school/ composite-scores.  

Related Stories


Allen Named to Allstate Good Works Team
NGU student, Bryce Allen, was recently named to the 2017 National Association of Basketball Coaches Good Works Team.  

Ribbon Cutting Ceremony Marks the Opening of NGU's Greer Campus
With a snip of the ceremonial scissors today, NGU officially opens new Greer campus.

McDonald Field Dedicated
NGU’s new softball field was dedicated in a ceremony before a softball double-header on Saturday, April 23.

NGU Stands Out as Top College with Conservative Values
NGU came in at spot #33 in “Newsmax's 40 Best Colleges for Conservative Values,” which highlights “outstanding institutions of higher learning that still cater to conservative values.”  

Dick Brooks Honda Establishes Legacy of Giving to NGU
Dick Brooks Honda of Greer is setting a standard of how to run a successful business that gives back to the community.  

NGU 2016 Faculty Service Awards
NGU held a faculty/staff chapel service Wednesday for a time of worship and celebration...

125-Year Celebration Begins with Founders Day Chapel
"This is the day we celebrate the vision that happened here in the Dark Corner of South Carolina," said NGU Pres. Dr. Gene Fant Jr.

NGU To Host Free HR Lunch & Learn Seminar
This engaging presentation is open to HR managers, local business owners, and administrators.