NotesFAQContact Us
Collection
Advanced
Search Tips
ERIC Number: EJ789006
Record Type: Journal
Publication Date: 2008-Mar-7
Pages: 1
Abstractor: ERIC
Reference Count: N/A
ISBN: N/A
ISSN: ISSN-0009-5982
A Private College Builds on Its Confidence
Blumenstyk, Goldie
Chronicle of Higher Education, v54 n26 pA1 Mar 2008
Despite a shaky economy, Quinnipiac University is currently developing a new campus called York Hill to eventually include residence halls for 2,000 students, a mammoth parking garage, and a $40-million student center. The university has also just acquired an office park a few miles away in North Haven that the space-crunched institution plans to convert into a locus for its graduate programs. To pay for it all, Quinnipiac, an institution with about 7,400 students and an overall annual operating budget of $236-million that comes mostly from tuition and fees, last year quadrupled its debt load, to $488-million. With the pool of high-school graduates in the Northeast expected to decline and the national economy looking shaky, this would hardly seem the most opportune moment for a pricey, tuition-dependent New England private college to go heavily into debt to develop two new campuses, particularly with a financing plan that relies on finding even more students who can afford the tab. This article takes a look at the strategies laid out by the Quinnipiac University to pay for its debts.
Chronicle of Higher Education. 1255 23rd Street NW Suite 700, Washington, DC 20037. Tel: 800-728-2803; e-mail: circulation@chronicle.com; Web site: http://chronicle.com/
Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: Connecticut