150 non-profit and 30 for-profit colleges fail DOE's financial-responsibility test for 2010

http://chronicle.com/article/180-Private-Colleges-Fail/129356/?sid=at&utm_source=at&utm_medium=en

Image: Idea go / FreeDigitalPhotos.net

Some of these schools are perennially in trouble, but somehow manage to survive. Some survive because they have a faith-based mission and a loyal, if small, following. For instance, some years ago I prematurely predicted the demise of tiny Hiwassee College. http://www.todayscampus.com/articles/load.aspx?art=851
But Hiwassee remains alive and kicking:
http://www.hiwassee.edu/