Measuring the Influence of Title IV Student Aid on the Financial Health of Religious Higher Educational Institutions

Abstract

This study creates a measurement of Title IV funding influence on the institutional financial health of religious higher education institutions. It justifies a method, grounded in financial accounting standards, of using publically available data sources for calculating the Composite Financial Index metric to gauge institutional financial health; and measures the reliability of the proposed method. The research also creates a method to estimating the influence Title IV funding has on the revenue health and overall financial health of private not-for-profit higher educational institutions. The results of the measurements are then utilized to measure the influence of Title IV towards revenue health and overall financial health of religious higher education institutions.