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Friday, August 30, 2013

Elite Liberal Arts Colleges Face Credit Ratings Downgrade

Inside Higher Ed, Downgrading Elite Colleges:

Over the past several months, the credit ratings of several prestigious liberal arts colleges have been downgraded or assigned a negative outlook by Moody’s Investors Service.

These are institutions -- Haverford College [#9 in the U.S. News Rankings of Liberal Arts Colleges], Morehouse College [#124], Oberlin College [#26] and Wellesley College [#6] -- that top students seek out, yet they are showing small but noticeable signs of fiscal stress several years after the end of the recession. Their downgraded ratings are still better than those of plenty of other institutions, and Moody's has issued plenty of gloomy projects about  colleges during the economic downturn. But the recent actions are notable because they affect colleges that are by many measures -- money, prestige, history -- among the most fortunate in the country.

http://taxprof.typepad.com/taxprof_blog/2013/08/elite-liberal-.html

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Comments

My father talked of "Trust fund degrees"-and I think many of theseschools are rampant ion them.The dawning realization thatyour college experiencehas ,in fact, been summer camp must be a horrible one

Posted by: Colin Elliott | Aug 31, 2013 6:17:00 AM

We need to remove federal loan guarantees for all private schools as well as utterly useless majors such as gender and race studies. I'd also submit that we have enough lawyers, sociologists and psychologists to last several life times.

Posted by: DocinPA | Aug 31, 2013 6:43:53 PM