Area private colleges deal with tough fiscal times

Tim Goral's picture

Across the country, fewer high school graduates, stagnant wages and home values, endowments that have yet to rebound, the growth of online education, and government pressure are weighing heavily on colleges, and four small, local private colleges are just the type to fall in those cross-hairs.

Moody's Investors Service took in a number of factors and last month spat out a negative outlook for the higher education sector. More than 40 percent of the nation's not-for-profit colleges and universities do not expect to increase net tuition revenue by more than the inflation rate, and almost half have seen enrollment decreases, Moody's found.

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