Hilbert Received Highest Possible Score on College Financial Responsibility Test

Hilbert College received highest possible composite score on U.S. Deptartment of Education College Financial Responsibility Test, which was recently published by The Chronicle of Higher Education.

More information from the published report:
The U.S. Department of Education has released data for the 2012 fiscal year that identify 168 degree-granting institutions as failing its financial-responsibility test. All private colleges that award federal student aid must participate in the test, which is based on information from their audited financial statements. 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. Use the table below to see how all 1,855 degree-granting institutions included in the latest analysis fared.

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