The U.S. Department of Education has released a list of more than 500 trade schools, colleges and universities on a watch list for greater oversight by the federal agency responsible for the federal student loan program. 

In releasing the list, the agency  explained that it can elect to place institutions receiving federal student aid on "heightened cash monitoring" due to "compliance issues including but not limited to accreditation issues, late or missing annual financial statements and/or audits, outstanding liabilities, denial of re-certifications, concern around the school's administrative capabilities, concern around a schools' financial responsibility, and possibly sever findings uncovered during a program review."

Nine schools operating in the state of Michigan appear on the list:  Ecumenical Theological Seminary in Detroit; Everest Institute in Southfield; Everest Institute in Grand Rapids; Finlandia University in Hancock; Kuyper College in Grand Rapids; Martin Parsons Academy of Design in Marysville; Olivet College in Olivet; the Robert B. Miller College in Battle Creek; and Rochester College in Rochester Hills.

A Department of Education official, Ted Mitchell, said in a statement that the list is "not necessarily a red flag to students and taxpayers, but it can serve as a caution light."

You can share concerns about the list or one of the schools that appears on the list with an attorney at College Watchdogs here or by call 877-540-8333.


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