Chapter 2The Impact of Financial Pressures on Governance

Today, many colleges and universities find themselves with structural deficits that have an impact on their ability to thrive and in some instances even to survive. Although there have always been institutions that at various points in their history have suffered from constrained resources, what is different today, according to Moody's, is that most of the sector is in financial jeopardy. For example, in January 2012, Moody's gave a stable outlook only to the “diversified market-leading colleges and universities with strong market positions and balance sheets and multiple revenue-generating business lines.” Perhaps even more important, Moody's has given a negative outlook “for the bulk ...

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