June 8, 2009

Moody's Warns of 'Sharp Deterioration' in College Finances

By Marc Beja

Despite the deep recession, the latest report from Moody’s Investors Service on private colleges, released on Friday, shows that they are only now starting to feel the pinch and warns that a “sharp deterioration” is expected in the 2009 data. The new report looks at private colleges’ data only through June 2008.

Although there has been growth over the last four years in colleges’ total financial resources, the report says, negative investment returns and lower gift

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