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Debt Bomb Is Ticking Loudly on Campuses

After borrowing billions, colleges rush to avert financial fallout

April 10, 2009 Premium content for subscribers. Subscribe Today

The end of the fiscal year usually isn't a momentous occasion for colleges. But this June 30 could be a day of reckoning many never expected.

Colleges borrowed tens of billions of dollars over the past decade to improve facilities, in some cases...

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