Cash-Strapped Colleges Draining Endowments to Survive
Nearly 200 private colleges are drawing down their endowments at an accelerated rate to maintain operations amid severe financial strain. The colleges face mounting pressure from declining enrollments and reduced income streams, forcing them to tap into their long-term financial reserves to stay solvent.
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Cash-Strapped Colleges Are Draining Their Endowments to Survive
Nearly 200 private colleges are drawing down their endowments at an accelerated rate to maintain operations amid severe financial strain. The colleges face mounting pressure from declining enrollments and reduced income streams, forcing them to tap into their long-term financial reserves to stay solvent.
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