- Columbia reached a landmark deal with the Trump administration to restore federal funding for research, easing a crisis that has rattled the school’s faculty and undermined its leadership. The college will pay $200 million in penalties over three years to resolve multiple civil rights investigations, clearing the way for over $400 million in federal funding that was previously cancelled. This is excellent news for this college and hopefully sets a precedent for others to follow. We have been reporting on higher education papers for the last several months. We would encourage buyers to proceed with caution unless a strong underlying basis or insurance is provided by one of the companies we trade with.
- A 135-year-old downtown Chicago arts college had its credit rating downgraded to junk, the latest small school to see its finances bruised by declining enrollment. This downgrade will limit management’s ability to stabilize operations and borrow additional capital at a reasonable cost.
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