Why You Should Check Your College's Financial Health

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Why You Should Check Your College's Financial Health

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Why You Should Check Your College's Financial Health

//business-finance.news-articles.net/content/202 .. hould-check-your-college-s-financial-health.html

Published in Business and Finance on Wednesday, January 8th 2025 at 8:40 GMT by Kiplinger
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Christopher Rose was close to finishing his third year at Fontbonne University in St. Louis last March when the entire student body received a message to meet in the school's main gymnasium. After the students gathered, the college's president announced that Fontbonne would be closing at the end of the summer term in August 2025.

The article from Kiplinger discusses the importance of evaluating a college's financial health before enrollment. It highlights that many colleges face financial challenges, which can impact students through increased tuition, reduced services, or even the risk of the institution closing. Key points include looking at endowment size, tuition dependency, and financial transparency. The article advises prospective students and their families to check financial ratings from agencies like Moody's or Standard & Poor's, review the college's financial statements, and consider the institution's strategic plans for financial stability. It also mentions the potential consequences of poor financial health, such as program cuts, faculty layoffs, and diminished educational quality, emphasizing the need for students to be informed to make wise educational investments.

Read the Full Kiplinger Article at:
[ https://www.kiplinger.com/personal-finance/college/why-you-should-check-your-colleges-financial-health ]

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