Skip to comments.[CATHOLIC CAUCUS] 16 Catholic colleges fail fiscal responsibility test
Posted on 08/17/2010 3:45:19 AM PDT by markomalley
319 of the nations postsecondary schools, 16 of them Catholic, have failed the US Department of Educations fiscal responsibility test for 2008-09. Four of the schools-- Ave Maria School of Law, Belmont Abbey College, Thomas More College of Liberal Arts, and the University of St. Thomas in Houston-- have been praised by the Cardinal Newman Society for their efforts to promote a strong Catholic identity. (Ave Maria University, unlike Ave Maria School of Law, passed the test with the highest possible rating.)
The other Catholic colleges that failed the test are the College of Our Lady of the Elms, Brescia University, Newman University, University of St. Mary of the Lake (Mundelein), Dominican University, Rockhurst University, Chestnut Hill College, Rosemont College, Wheeling Jesuit University, Siena Heights University, Adrian College in Michigan, and the Dominican College of Blauvelt..
Source(s): these links will take you to other sites, in a new window.
Well, I know why four really good Catholic colleges are on that list:
“He said the scores “should not be a cause for concern” and attributed them, in part, to the fact that the law school has a low asset-to-debt ratio, which he said is typical of recently-founded institutions.”
I did not realize there was such a standard any longer.
My federal government tells me one must spend their way out of economic hardships. According to obongo the kenyan clown, all the experts agree on that.
“Federal Government” and “Fiscal Responsibility” don’t belong in the same sentence.
Outside of state universities, there isn't much fiscal responsibility unless a university president sets policy to make it so And, honestly, some are better at raising cash than others. That's just reality.
The idea of the federal government giving anyone a “fiscal responsibility test” is a hoot.
I can imagine the spokesman saying, “Colleges have failed the federal government’s fiscal responsib ... snort, choke, guffaw ... sorry, guys, I just can’t read this ... can we stop the cameras, please ...”
FYI, University of St. Mary of the Lake (Mundelein) is the Archdiocese of Chicago’s seminary.