More Colleges Face Bankruptcy Even as Top Schools Experience Record Wealth
Steep enrollment declines are forcing some colleges into bankruptcy while the country’s most elite institutions are faring better than ever.
Source: nbcmiami.com
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Harvard Is Paying Out More of Its Endowment Next Year. Here's Why Other Schools Aren't Likely to Follow.
Harvard University’s endowment plans to distribute more money in fiscal year 2022 after recording strong annual returns, the school’s chief financial officer recently revealed. “The stock market has been doing well, and hopefully it will stay that way,” Thomas Hollister said in an interview with the university-operated Harvard Gazette in late April. “A good stock market helps endowment results.” He added that the Harvard Corporation, the school’s governing board, had planned to increase its distribution by 1 percent, but instead chose to bump it to a 2.5 percent increase i...
Source: institutionalinvestor.com