Moody’s Cuts 2013 Higher Education Outlook to Negative

By Michael McDonald. Moody’s Investors Service cut its 2013 outlook for all of U.S. higher education to negative, citing mounting pressure on revenue sources.
“Most universities will have to lower their cost structures to achieve long-term financial sustainability and fund future initiatives,” Moody’s said today in a report, led by analyst Eva Bogaty.
The ratings company previously had a stable rating for market-leading research institutions and a negative rating for other U.S. universities and colleges since 2009. The cost to attend college has increased faster than the rate of inflation over the past four decades, with some private institutions topping $60,000 a year. Read more...