May 25, 2007
Life-Insurance Deals May Be Costly for Colleges
Experts say high fees and financing structures may hurt returns for institutions that take out policies on alumni
In the past two months, nearly 100 colleges have started exploring a financial concept that seems almost too good to be true: collecting hundreds of millions of dollars for long-term capital needs by taking out life-insurance policies on wealthy alumni.
The idea started with Oklahoma State University, which said this spring that it had secured some $270-million for
This is an article for subscribers only. You may access this article by purchasing a:
Digital or Print Subscription
Web Pass
Already have an account? Log In Now.
-
Off Beat

-
The Chronicle Review

-
Administration


