Reported 2 months ago
The financial struggles of US colleges and universities have intensified, with 15 institutions reporting new technical or payment defaults in 2024, nearing last year's total of 17, marking the highest impairments since 2009. The widening gap between well-endowed institutions and those facing severe competition and rising costs highlights the rapid credit erosion in higher education since early 2023. With around $246 billion in municipal debt outstanding, the sector's overall credit quality remains high, yet concerns persist over the increasing challenges for smaller colleges and their financial viability.
Source: YAHOO