670px-california_memorial_stadium

When Universities, Not Just Students, Take On Debt

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Our friend Josh Freedman of Forbes and the New America Foundation breaks down how risky borrowing and investments at the University of California led to a debt down grade by Moody’s and Fitch.

“My name is Bond — General Revenue Bond,” Josh writes as he explains how the shift to general revenue bonds has more broadly collateralized tuition and tax dollars for amenities like UC Berkeley’s Memorial Stadium.

Check out the full story here!

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Charlie Eaton

Charlie Eaton is a Postdoctoral Scholar in the Stanford Graduate School of Education. His research looks at how organizations shape inequality through politics, the economy, and social policy. His dissertation is on the financialization of higher education. You can follow him on Twitter @eatoncharlie