Cash-strapped colleges are draining their endowments to survive
Nearly 200 private colleges borrowed from restricted endowments last year as the enrollment crisis emptied their classrooms and coffers
Nearly 200 private colleges borrowed from restricted endowments last year as the enrollment crisis emptied their classrooms and coffers
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Why it matters
The widespread borrowing from restricted endowments by nearly 200 private colleges signals notable financial stress in the higher education sector, potentially affecting credit risk and liquidity for lenders and investors in education-related credit markets.
Sources
Fortune
Cash-strapped colleges are draining their endowments to survive
Nearly 200 private colleges borrowed from restricted endowments last year as the enrollment crisis emptied their classrooms and coffers