July 3, 2008
Moody's Report Paints Gloomy Financial Picture for Many Private Colleges
Despite giving a mostly positive review of fiscal year 2007, a report released on Wednesday by Moody's Investors Service sets a cautious tone for private colleges and universities in 2008 and 2009. The slowing economy, declining investment returns, and student-loan uncertainty are all factors that could collectively chip away at the steady financial improvements private institutions have made in recent years, the report says.
"We do expect 08 to be a much more moderate kind of
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