Private colleges across America can’t pay their bills
Behind the scenes in colleges across the U.S., institutions are having trouble paying their bills.
Why it matters: There’s a reckoning coming in higher education — especially for smaller, private liberal arts schools — that’s been years in the making. In obvious ways, COVID-19 accelerated some of the trends, but college finances have been hurting for a while.
- Pandemic-era government stimulus funds helped a slew of schools gain another year or two of financial runway.
- Yes, but: Restructuring advisors that work with higher ed institutions as clients say there’s been an uptick in schools that are beginning to explore financial transactions to keep from going under.
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