April 7, 2006
Private Colleges Take on More Debt
Private colleges took on higher levels of debt in the 2005 fiscal year, according to a new report by Moody's Investors Service, but they also kept themselves financially healthy, thanks to positive returns on investments, hearty fund raising, and higher tuition charges.
Although the pace of growth in both fund raising and investment performance was lower than in the previous year, colleges are "growing their financial resources," said Susan Fitzgerald, the report's author. She is a
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