April 10, 2009
Concerns About Debt Hover Over a Small College in Iowa
By just about every objective measure, the $88-million in debt that Wartburg College has carried since late 2005 poses a risk.
The college's debt load — twice the amount that it takes in annually from tuition and other revenue — has raised red flags with its accreditor, alarmed some faculty members, and left Wartburg with a credit rating just one notch above "junk."
It has also created some tensions with the citizens of Waverly, in northeastern Iowa, where
This content is only for subscribers. You can gain access by purchasing a:
Print Subscription
Digital Subscription
Already have an account? Log In Now.
-
The Chronicle Review
-
Government
-
Advice
