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General Ohio University Discussion/Alumni Events

Topic: Long Term Debt in Higher Ed

Topic: Long Term Debt in Higher Ed

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giacomo
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Member Since: 11/20/2007
Post Count: 2,688

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Long Term Debt in Higher Ed

Posted: 5/27/2021 5:52:17 PM

https://www.post-gazette.com/news/education/2021/05/26/St...

They were impressive developments, if pricey — upscale dorms and a 6,000-seat sports and convocation center at California University of Pennsylvania, and three hours north, an eight-building “neighborhood” of studios, suites and semi-suites at Edinboro University.

Costs to build new residence halls, student centers with high-end amenities and dining centers fit for demonstration cooking account for nearly two-thirds of the annual $95 million in debt service payments across the system. An updated total debt figure was not available, but at one point, the obligation approached $2 billion.

These institutions took on huge debt to attract students and now face declining enrollments.

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