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Penn State debt

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Penn State debt

Unread postby JCoz » Fri Nov 11, 2011 6:03 pm

http://www.businessinsider.com/moodys-we-might-downgrade-penn-state-over-this-abuse-crisis-2011-11

Maybe its just me thats ignorant of this, but I didn't realize that universities sold bonds....

So while I look at the endowments of 1.5 Billion, I falsely assumed that meant PSU was not in debt. In actuality, they are a bit over 1 Billion in debt.

Just a little extra info....
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Re: Penn State debt

Unread postby jb » Tue Nov 15, 2011 10:22 am

All colleges and universities bond to build; public & private. Almost none build without. It's SOP to bond, build, and then try to fundraie to help pay it down. State Penn's are gubmint secured bonds. This is no biggie.
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Re: Penn State debt

Unread postby JCoz » Thu Nov 17, 2011 3:28 pm

jb wrote:All colleges and universities bond to build; public & private. Almost none build without. It's SOP to bond, build, and then try to fundraie to help pay it down. State Penn's are gubmint secured bonds. This is no biggie.


Yah, I get that now. I hadn't given it much thought, just always see the massive Endowments and assumed these universities were not in debt.

Not a big deal, just something I didn't know.
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