June 10, 2010
Moody's Sees Continued Financial Challenges for Private Colleges
The financial outlook for private colleges will remain "challenged for at least the next 12 months," according to a report released on Thursday by Moody's Investors Service.
The report, based on data for the 2009 fiscal year from 254 institutions, highlights how the steep endowment losses reported that year strained colleges' overall financial health.
According to the report, "Moody's Preliminary Fiscal Year 2009 Medians for Private Colleges and
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