Elite Colleges in Trump’s Crosshairs Rush to Bond Market at Record Pace
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America’s most prestigious colleges are rushing to the debt market at the fastest pace on record, locking in financing while they can to pay for campus projects or refinance debt against a backdrop of tax and funding threats.
Municipal bond sales for higher education are up more than 40% so far in 2025 compared to the same period a year earlier, reaching nearly $10 billion and eclipsing the prior record start to a year in 2017, according to data compiled by Bloomberg. The sector is outpacing the broader market even as issuance of state and local government debt as a whole runs hot.