Top
  • Apply
  • Contact Us
  • Give
  • Locations
  • Request Info
  • Indigo Portal

William Carey University Crest Logo
  • I want to...
  • Prospects
    • Apply Now
    • Campuses
    • College of Osteopathic Medicine
    • Explore Degree Programs
    • Graduate Admissions
    • International Student Admissions
    • Request Information
    • School of Pharmacy
    • Undergraduate Admissions
    • Visit Campus
  • Students
        • Services
          • Canvas
          • E-Mail
          • Indigo Portal
          • Library
          • Office 365
          • OneLogin
          • TK20
          • WEPA Printing
      • Resources
        • Apply for Graduation
        • Faculty & Staff Directory
        • How To Tutorials
        • Register for Classes
        • Request a Transcript
        • Student Handbook
  • Faculty & Staff
    • Canvas
    • Library
    • Indigo Portal
    • E-Mail
    • Early Alert
    • Office 365
    • OneLogin
    • Sadernet
    • TK20
    • WEPA Printing
  • Alumni
    • Alumni Association
    • Alumni Chapters
    • Alumni Newsletter
    • Carey Magazine
    • Homecoming
    • Update Your Information
  •    
  • Search

University News

  1. News
  2. University News

Carey Receives Perfect Financial Responsibility Score

  • Friday, April 10, 2015 6:31 PM
  • President, Student Accounts

For the seventh consecutive year, William Carey University has received a perfect score of 3.0 on the Financial Responsibility Index released by the U.S. Department of Education.
 
For-profit and non-profit institutions of higher learning are required to annually submit audited financial statements to the Department of Education to demonstrate they are maintaining the standards of financial responsibility necessary to participate in Title IV, or federal student aid.
Data from the statements are used to gauge the financial responsibility of the institution and to calculate the Financial Responsibility Composite Score, which may range from negative 1.0 to positive 3.0. 
 
A score greater than or equal to 1.5 indicates the institution is considered financially responsible, while a score of less than 1.5 but greater than or equal to 1.0 indicates the institution requires additional financial oversight. An institution with a score less than 1.0 is considered not financially responsible and may be at risk of losing Title IV programs.
 
";We are so gratified that Carey has received a perfect score for seven consecutive years,"; said Carey President Dr. Tommy King. ";This stamp of approval by the U.S. Department of Education attests to our prudent management of financial resources that are given to us.";
 
Carey's perfect score of 3.0 indicates the university's financial health, said Grant Guthrie, Carey's vice president for business affairs and chief financial officer.
 
";The Board of Trustees and administration take a very conservative approach in their financial management of the university,"; said Guthrie. ";We place primary emphasis on liquidity and operational efficiency while focusing available resources on areas of targeted growth.";
Related News
December 17, 2020
Merry Christmas from William Carey University

January 27, 2020
Dr. Tommy King receives Hattiesburg leadership award

July 21, 2019
Dr. Tommy King receives "Forever Young" award

June 17, 2019
Carey Magazine: Spring 2019 Issue

September 19, 2018
WCU earns No. 3 spot as "Best Value" university
 
I want to...
View Degree Options
 
 
Prospects
  • Apply for Admissions
  • Apply for Financial Aid
  • Apply for Housing
  • Contact an Office
  • Estimate Tuition & Fees
  • Get the Parent Newsletter
  • Request Information
  • Schedule a Campus Visit
  • View Courses
Students
  • Apply for Financial Aid
  • Apply for Graduation
  • Apply for Housing
  • Check My Email
  • Do Research
  • Get VA Information
  • Hattiesburg Campus Map
  • Pay My Bill
  • Register for Classes
  • Request a Transcript
  • Student Health
  • View Catalog
  • View Courses
  • Withdraw from Carey
Alumni
  • Get Alumni Updates
  • Get My Transcript
  • Give to Carey
  • Join an Alumni Chapter
  • Support Friends of Carey
Community
  • Attend an Event
  • Attend Homecoming
  • Give to Carey
  • Work at Carey
Offices

  • Academic Affairs
  • Admissions
  • Advancement
  • Alumni
  • Athletics
  • Baptist Student Union
  • Bookstore
  • Campus Dining
  • Campus Life
  • Campus Safety & Security
  • Carey Center
  • Church Relations
  • Commencement
  • Disability Services
  • English Language Center
  • Executive Vice President
  • Finance
  • Financial Aid
  • Graduate Programs
  • Human Resources
  • Information Technology
  • Institutional Research
  • Institutional Review Board
  • Library
  • Media Relations
  • Online Learning
  • President
  • Provost
  • QEP
  • Registrar
  • Residence Life & Housing
  • Student Accounts
  • Student Activities
  • Student Assistance
  • Student Counseling Center
  • Student Life
  • Student Success Center
Campuses
  • Hattiesburg
    710 William Carey Parkway
    Hattiesburg, MS 39401

    (601) 318-6051 Toll Free: (800) 962-5991

  • Tradition
    19640 Highway 67
    Biloxi, MS 39532

    (228) 702-1775

  • Baton Rouge
    Suite 1010, 1st Floor
    3600 Florida Blvd
    Baton Rouge, LA 70806

    (225) 953-7017
 
Online Learning
  • Online Learning
    710 William Carey Parkway
    Hattiesburg, MS 39401

    (601) 318-6051 More Info
 

Popular Tags
  • Education
  • Music
  • Arts and Letters
  • Osteopathic Medicine
  • Theatre and Communication
  • Art
  • Admissions
  • Alumni
  • Nursing
  • Athletics

Web Accessibility | Clery Act | Title IX | Terms of Use | Online Privacy Policy | GDPR Privacy Notice