Brown University Secures $500 Million Loan After Warning of Financial Issues

Brown University took out another private loan, securing a $500 million agreement after the Ivy League school warned of “deep financial challenges.”

The five-year loan with an unidentified lender carries a 4.44% interest rate which will be paid monthly, according to a securities filing on Friday. The deal comes after Brown entered into a lending agreement for $300 million in April. A number of universities have utilized the capital markets for financing as the Trump administration targets federal funding for higher-education institutions.