Education
Colleges Need $1 Trillion of Campus Upgrades to Lure Students
- Moody’s says colleges need to spend on campuses to compete
- Bond sales are booming this year for dorms, classrooms
Growing financial strains may limit a school’s ability to spruce up.
Photographer: Micah Green/BloombergThis article is for subscribers only.
Colleges and universities still have a horde of infrastructure needs despite selling billions worth of debt this year for new projects.
Moody’s Ratings estimates schools need $750 billion to $950 billion over the next decade to “make significant headway toward reducing deferred maintenance, upgrading facilities and building the new projects that are critical to strategic positioning,” according to a new report by the company.