Moody's Talks - Muniland

College closures gradually increase as higher education faces myriad challenges

Episode Summary

With bankruptcy to shed debt and stay open largely unviable, colleges grappling with falling enrollment and rising costs are increasingly closing. In a shutdown, bondholder outcomes are a wild card with the amount of reserves on hand and value of real estate assets playing a role.

Episode Notes

With bankruptcy to shed debt and stay open largely unviable, colleges grappling with falling enrollment and rising costs are increasingly closing. In a shutdown, bondholder outcomes are a wild card with the amount of reserves on hand and value of real estate assets playing a role. 

Guest: Susan Shaffer, Vice President – Senior Credit Officer, Moody’s Investors Service

Host: Nick Samuels, Senior Vice President, Moody’s Investors Service

Related content on Moodys.com (may only be available to registered users and subscribers):

• Higher Education – US: Closures, while still rare, will gradually increase even as other options are explored