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Think what these universities are up against. A lot of them built out facilities on debt, and with the super high interest rates, especially for jumbo loans, you have schools now looking at double interest costs.If you thought the UConn powers have some inside info in terms of what is going on, think again. While we are all looking for info based on twitter sources and online info….looks like AD David Benedict is doing the exact same thing with us. He is currently listening in on a twitter spaces live discussion with Washington and Oregon people about what is going on.
So much for having confidence that our admin has it all under control.
The thing is, this stuff isn't usually reported as AD debt or liabilities.
Schools issue bonds for facilities, not ADs (although Florida St is the rare case in which the AD did it). But at Texas and Michigan and most other places, it's the university.
Amazing that the debt service costs are doubling at Oregon.