Most institutions of higher education rely upon debt to generate strategic and current financial resources. Net income and cash flows from operations or from restricted gifts usually don’t provide enough funds to build, expand, and renovate the plant, equipment, or property needed to support an institution’s mission. This paper, written by Jeremy Bass, June Matte and Michael Townsley, describes how the recent credit crunch dramatically changed the structure of debt financing for higher education.
Tune in on May 3rd for a NACUBO webcast to hear directly from the authors. Or join the discussion and comment on the blog: http://my.nacubo.org/NACUBO/NACUBO/Blogs/ViewBlogs/Default.aspx