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Direct linkBlumenstyk, Goldie; Field, Kelly – Chronicle of Higher Education, 2008
This article reports that the credit crisis tying global financing systems into knots has left hundreds of colleges scrambling for cash to pay their bills and to cover the spiking interest on their debts. While it is still unclear to what extent the federal government's new $700-billion bailout package will help unwind the credit tangle, the…
Descriptors: Higher Education, Institutional Survival, Financial Problems, Debt (Financial)
