Universities’ Credit Ratings Indicate the Need for Bold Reform
North Carolina’s higher education market is, for the most part, vibrant. The state is home to more than 50 four-year universities as well as 60 community colleges. And online education, certificate programs, and non-traditional job training initiatives have given prospective students even more options. Nevertheless, some institutions are experiencing significant financial woes. Unaddressed, such problems could result in campus closings or, worse, perpetual taxpayer bailouts of ineptly-managed universities.