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Troubled colleges closing proactively rather than running themselves off a cliff may be a good development for investors in public debt, a top ratings agency says.
Now that it plans to close, Sweet Briar officials have to decide what to do with $85 million -- but laws and economic realities limit their choices.
UPDATE: Some see a courageous decision by a board that searched hard for alternatives. Others are dubious. Many wonder which other colleges are vulnerable.
Colleges with distressed debt are making new promises to delay financial ramifications from investors.
Healthy stock markets in the United States and abroad allowed colleges to spend more money from their endowment funds.
Contributions to colleges and universities hit nearly $38 billion in 2014, making it the strongest year yet for charitable giving.
Governor Scott Walker wants to remove $300 million from university system, and offers campuses more autonomy in return. But higher ed leaders say the trade isn't nearly enough to offset the cuts.
Spending on higher education is up in most states since last year, but half of states are still below their recession-era levels.
In yet another merger in Georgia's university system, the emergent Georgia State will combine with struggling Georgia Perimeter to try to improve the two-year college. Is anyone getting a good deal?
Dowling College's seventh president of the last 10 years hopes to be the one who can save it.
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