dublinpilot
If a company's balance sheet has remained steady for a number of years I wouldn't have any issues with that. Obviously there's still a risk, but my recommendation of viewing a credit report was more designed to spot the obvious hopeless cases.
If a school is on the brink of going under, there's a good chance (although obviously not in every case) that it will be reflected in the credit report. Assuming your average PPL takes a year to obtain which is quite a short time in terms of business, checking for obvious indicators of financial hardship is a no-brainer for me.