Hilbert College has maintained the highest possible Financial Responsibility Composite Score of 3.0 for five consecutive years. The scores, which were released last week by the U.S. Department of Education, are a composite of three ratios derived from the institution’s audited financial statements. The three ratios are a primary reserve ratio, an equity ratio, and a net income ratio.
The composite score of these ratios is one of many standards the Department utilizes to gauge the financial responsibility of an institution and the fundamental elements of the financial health of an institution. The composite score reflects the overall relative financial health of institutions along a scale from negative 1.0 to positive 3.0. A score greater than or equal to 1.5 indicates the institution is considered financially responsible.
For more information on Financial Responsibility Scores, please visit: https://studentaid.ed.gov/sa/about/data-center/school/composite-scores