U.S. Department of Education
访问日期： 28 六月, 2018
Financial Responsibility Composite Scores, 2016
* Fiscal Year Ending Cycle is from July 1st of previous year to June 30th of current year.
* Example: Fiscal Years Ending Between 7/1/2015 and 6/30/2016 is taken as FY 2016 value
* Section 498(c) of the Higher Education Act of 1965, as amended, requires for-profit and non-profit institutions to annually submit audited financial statements to the Department to demonstrate they are maintaining the standards of financial responsibility necessary to participate in the Title IV programs. One of many standards, which the Department utilizes to gauge the financial responsibility of an institution, is a composite of three ratios derived from an institution's audited financial statements. The three ratios are a primary reserve ratio, an equity ratio, and a net income ratio. These ratios gauge the fundamental elements of the financial health of an institution, not the educational quality of an institution.