The prospects for higher education are bleak, according to Moody’s Investors Service, a credit-rating agency that on Tuesday changed its outlook for the sector from “stable” to “negative.”
In a report, the agency cited financial strains at both public and private four-year institutions, mainly muted growth in tuition revenue. But it also cited “uncertainty at the federal level over potential policy changes.”
“The higher-education sector is highly exposed to changes in federal policy or funding,” the report said. “Changes to financial-aid programs and tax reform could negatively affect enrollment and tuition-revenue growth, philanthropic support, and the cost of borrowing.”
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