July 18, 2008
Worsening Economy Could Cause Trouble for Smaller Colleges
Remember the generally positive outlook on higher education that Moody's Investors Service issued in January (The Chronicle, January 25)? Scratch that.
Although the bond rating company says that the industry has generally a stable outlook in a six-month update of that report released today, it notes that worsening economic conditions could lead to trouble, particularly for small private colleges that draw