Here's the list of the US Department of Education's schools under Heightened Cash Monitoring 2 as of December 2024. The list includes a number of religious colleges, cosmetology schools, and career colleges as well as four schools outside the US, two HBCUs, and a tribal college.
Schools may be placed
on the HCM 2 list for a variety of reasons, including administrative
capability, adverse actions taken by accreditors, severe findings in
audits, severe program findings, and financial responsibility problems.
A school placed on HCM2 no longer receives funds under the Advance Payment Method. After a school on HCM2 makes disbursements to students from its own institutional funds, a Reimbursement Payment Request must be submitted for those funds to the Department.
The Higher Education Inquirer will be observing whether a list for March
2025 will be issued, or whether reporting like this will be terminated
under the Trump administration.
| Northern Technical College | Pine Bluff | AR |
| River Valley School of Massage | Russellville | AR |
| NewSchool of Architecture and Design | San Diego | CA |
| Premiere Career College | Irwindale | CA |
| San Diego Christian College | Santee | CA |
| Belle Academy of Cosmetology | Waterbury | CT |
| East West College of Natural Medicine | Sarasota | FL |
| Hobe Sound Bible College | Hobe Sound | FL |
| Reformed University | Lawrenceville | GA |
| Trenz Beauty Academy | Calumet City | IL |
| Kansas Christian College | Overland Park | KS |
| Ideal Beauty Academy | Louisville | KY |
| Moore Career College | Baton Rouge | LA |
| Northpoint Bible College | Haverhill | MA |
| Skin Institute | Saint Louis | MO |
| Urshan University | Wentzville | MO |
| Saint Augustine's University | Raleigh | NC |
| Nueta Hidatsa Sahnish College | New Town | ND |
| Robert Fiance Beauty Schools | Perth Amboy | NJ |
| Sotheby's Institute of Art - NY | New York | NY |
| Transitions Career Institute School of Nursing | Flushing | NY |
| Yeshiva of Nitra Rabbinical College | Chester | NY |
| Gerber Akron Beauty School | Akron | OH |
| Lakewood University | Cleveland Heights | OH |
| Randall University | Moore | OK |
| Summit Salon Academy - Portland | Tigard | OR |
| Cheyney University of Pennsylvania | Cheyney | PA |
| Cambridge Technical Institute | Caguas | PR |
| CEM College | San Juan | PR |
| Rosslyn Training Academy of Cosmetology | Aguada | PR |
| Allied Health Careers Institute | Murfreesboro | TN |
| Jenny Lea Academy of Cosmetology | Johnson City | TN |
| Paul Mitchell the School Knoxville | Knoxville | TN |
| Barber Institute of Texas | Longview | TX |
| Northwest Educational Center | Houston | TX |
| Pearlands Innovative School of Beauty | Pearland | TX |
| Valley Grande Institute for Academic Studies | Weslaco | TX |
| Eastern Wyoming College | Torrington | WY |
| American University of Antigua College of Medicine | Coolidge | |
| CETYS Universidad | Mexicali | |
| Cranfield University | Bedford | |
| University of Buckingham | Buckingham |
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