New Research on Heightened Cash Monitoring
Robert Kelchen
APRIL 29, 2024
In 2023, 493 colleges were on HCM1 and 78 colleges were on HCM2—together representing about 10% of all colleges receiving federal financial aid. We compared colleges placed on HCM2 to colleges that were not on HCM2, but had failed the federal financial responsibility metric (and thus also had issues identified by the federal government).
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