Olivet College

8:08 pm
Sun March 9, 2014

Olivet College Fails Federal Financial Test

Lead in text: 
Olivet is one of 12 private colleges in Michigan and 168 nationwide to fail the financial responsibility in the 2012 fiscal year
Olivet College failed the U.S. Department of Education's "financial responsibility" test in 2008. The next year it failed worse. The value of the college's investments had plummeted in the wake of 2008 economic crisis. It had accumulated debts from campus construction projects besides.