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Direct linkBlumenstyk, Goldie – Chronicle of Higher Education, 2009
By just about every objective measure, the $88-million in debt that Wartburg College has carried since late 2005 poses a risk. The college's debt load--twice the amount that it takes in annually from tuition and other revenue--has raised red flags with its accreditor, alarmed some faculty members, and left Wartburg with a credit rating just one…
Descriptors: Small Colleges, Debt (Financial), Institutional Survival, Educational Finance
