Higher education bonds

Since 2010, over 64,000 new beds on more than 100 different campuses across the country have been financed, built and are being maintained by the private sector.

The Illinois General Assembly’s Democratic majority failed Wednesday to override Gov. Bruce Rauner’s veto of a $721 million bill that would have provided aid for cash-starved community colleges and low income student grants.

Chicago-based Roosevelt University lost one of its investment grade ratings as it struggles with operating deficits driven by the strains of enrollment losses and a hefty debt load.

Ohio State University hits the market with its first sale under a $1 billion borrowing program that will use an offering statement style in the same vein as corporate shelf registration that will allow it to sell multiple issues with the same documentation.

The College of DuPage in suburban Chicago lost its remaining triple-A rating over its governance turmoil and instability.

Three of Illinois' public universities were downgraded, one to junk, as impacts from the state's almost eight-month overdue budget continue to ripple.

The University of Chicago took a hit from Standard & Poor’s, which downgraded the school to AA-minus from AA amid balance-sheet pressure and planned deficits.

Eight Louisiana universities face budget cuts amid the state's fiscal crisis, prompting Moody's Investors Service to place the institutions on review for possible downgrade.

The University of Arizona is looking for interest rate savings in a $169.6 million refunding of three series of bonds issued from 2007 to 2009.

Legislation to fund Illinois' community college payments and student financial aid grants was delivered to Gov. Bruce Rauner's desk Tuesday.

Continuing turmoil at the College of DuPage, Ill., cost the two-year school one of its triple-A ratings as Standard & Poor's cut it two notches to AA.

The University of California would issue $400 million of bonds as part of a proposed $1.1 billion public-private partnership to expand the campus of UC Merced, according to a report issued the state Legislative Analyst’s Office Wednesday.

North Carolina voters decide March 15 if North Carolina can issue $2 billion of general obligation bonds to finance higher education and state capital projects.

Philadelphia’s Temple University is allocating a $1 million study to examine building a new on-campus football stadium.

Stacy Lewis Daher has been reappointed to the California Educational Facilities Authority, the body responsible for approving conduit bond issues for universities.

The head of the agency that accredits Illinois' state universities issued a warning to state leaders as the schools struggle in the absence of state funding because of a continued budget stalemate.

A $327 million University of Kansas bond sale that used a Wisconsin conduit issuer drew criticism from lawmakers seeking to ban future out-of-state deals.

In a newspaper column Tuesday, the governor said he would not support budget cuts that could throw universities into financial exigency and close hospitals in order to deal with Louisiana's budget crisis.

Capital appreciation bond issuance by California school and community college districts more than tripled to $999 million in 2015 despite legislation to discourage use of the bond structure.

Indiana’s Purdue University officials believe its newly minted second AAA rating will spell savings on its upcoming bond sale.