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University finances continue to thrive

The 2011 financial responsibility report, for the 2009–10 fiscal year, has not been re¬leased yet, but Union was given a positive score on the previous year’s report, which analyzed the 2008–2009 fiscal year.
The Higher Education Act of 1965 requires a financial responsibility report for private institutions. The test scores each institution between a 1.0 and 3.0 based on a composite of three ratios: a primary re¬serve ratio, an equity ratio and a net income ratio, the Federal Student Aid website said. […]