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Finlandia on list of schools getting extra attention over finances

HANCOCK, MI (AP)--   Seven private Michigan colleges and universities—including Finlandia University—are on a list of hundreds of institutions getting additional scrutiny for financial or compliance issues. 

The Detroit Free Press reports the schools are on a list released last week by the Education Department.

The so-called heightened cash monitoring is from the department's Federal Student Aid Office.

The presidents of several listed Michigan schools say students and parents shouldn't be overly concerned. John Tyson, president of Rochester College, says the school and others are placed automatically "because of failure to meet the U.S. Department of Education's controversial financial responsibility test."

The other schools on the list include Olivet College, Rochester College, Kuyper College, Martin Parsons Academy of Design, Ecumenical Theological Seminary, and Robert B. Miller College.

Olivet College expects to be lifted from the list when it is updated.