(864) 977-7000
 


NGU Scores High on Financial Responsibility Test

Tigerville SC (February 22, 2015) 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


Big-Name Musicians Return to NGU for Special Event
Carvajal, Condrey, Buitrago, and Johnson will share about their journeys as musicians at the first CrossExamined. 

NGU Top Ranked in US News Most Efficient College Rankings
Schools featured do a good job in managing their financial resources

Chick-fil-A Comes to NGU
The new restaurant will officially open its doors at 11am on Aug. 15.

NGU Bids Farewell to Two Longtime English Professors
Dr. Cathy Sepko and Dr. Julia Drummond retire at the end of the Fall 2016 semester.

Campus Security recognized as a Top 500 Security Enterprise
Department ranked sixth time in two years.

Hickson Lecture to Honor 500th Anniversary of Protestant Reformation
Dr. Robert Figueira from Lander University will be the keynote lecturer on the topic “Martin Luther and the Anabaptists.”  

Boston-Based Ensemble to Perform at NGU
Ensemble Chaconne enthralls audiences across the country with vivid chamber music by the great European composers.  

Students get on-the-job training with Friday Night Football
This opportunity trains students as leaders to make a difference in the workplace.