About two years ago, the Association has shared to the American public the list of trouble colleges in the US. Today, on March 31, 2015, the DOE unveiled partial list of selected colleges (560) of which their federal aid has been restricted due to their financial condition and the institutions’ practices to comply with government aids requirements. The Association compares the government list and AAEA’s list (519 Higher Ed institutions) that has been shared to the public where DER (Debt to Equity Ratio) approach was utilized. While our results are not exactly the same with those institutions listed on the government’s list (different data sets and approaches.  AAEA applied ten-year 2006-2011 average), we are glad to learn that the regulator finally took a step further to integrate financial aspects as the Association has long suggested as one of the elements in its accountability evaluation which has not been done very effectively in the past. The regulator action is surely consistent with the core objectives of the establishment of AAEA. So far, two core objectives of AAEA has been achieved. The announcement confirmed what the Association has hypothesized and its research results.