Higher education bonds

Former college official Keith Borge was charged Thursday with defrauding municipal securities investors and concealing the school’s crumbling finances.

Jason Dudich will join the University of Indianapolis at the end of May as vice president, chief financial officer and treasurer.

The pinch comes from shrinking enrollment, rising tuition, falling state support and new barriers to international students.

The upstate New York college has combined two undergraduate institutions and boosted enrollment a year after sinking to deep junk territory.

A heavy debt burden driven largely by a decade-old bond issuance led the small liberal arts school to announce that it will close.

Moody's Investors Service lowered the Philadelphia-based university to Baa1.

The College of New Rochelle is on the brink of closure after staff cuts, asset sales and a refinancing failed to alleviate a debt crunch.

The University of Findlay will use long-term bonds to restructure its outstanding debt, which includes capital lease obligations and short-term notes.

Development was down 50.4%, healthcare was off by 42.7%, and electric power declined 40.1%. The slides compared with an overall decline of 23.5% in total issuance.

Moody's warned that universities with a similar profile to Wright’s could also be at risk of faculty strikes.

Graduate and married student housing is new frontier for public-private partnerships, underscored by a recent deal at the University of Notre Dame.

Michigan State sold taxable bonds to finance a legal settlement in the Larry Nassar sexual abuse cases.

The University of Michigan plans to sell $225 million of bonds that will include taxable and tax-exempt debt, with bonds structured with a put option in the mix.

The San Diego-area system is issuing municipal debt to fund its acquisition of for-profit Northcentral University.

Weaker operating results led S&P Global Ratings to lower its outlook for the Evanston, Illinois-based university.

The Dayton, Ohio, school is in the second week of the faculty strike over working terms and conditions.

The St. Paul City Council is taking a dim view of Concordia University's plans to take a nine-story medical office building at least partially off the city's tax rolls.

Tuition revenue pressures from a sharp enrollment have prompted Vermont's Green Mountain College to close after 183 years.

Beloit College's rating was cut to junk last year, and the restructuring is designed to ease debt covenant strains.

Recent upheaval in senior management at Michigan State University won’t impact the timeline to sell bonds to fund sex-abuse settlements.