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Tough Times for Colleges–and College Towns

The finances of many of the nation’s institutions of higher education are starting to wobble. If they continue to deteriorate, the fallout won’t be confined to college campuses.

Decades of heavy spending by colleges and universities has left many of them with high debt. That profligacy, along with declining state aid and weak returns on endowments, has the balance sheets of one-third of U.S. schools looking significantly weaker than they did before the recession, according to a new report that surveyed 1,692 private and public schools from consulting company Bain & Co. and Sterling Partners, a private-equity firm.

By DOUGLAS BELKIN

Full Story: http://online.wsj.com/article/SB10000872396390444330904577537452874310424.html?grcc=c8c4c48fce0588ad5dae3bd0b89a664aZ3ZhpgeZ0Z8Z69Z11Z2&mod=WSJ_hpp_sections_news&grcc2=da9f4678f07504c68bcbb6423f09fe83~1343045323393~18f3b45caef80572d421f68a979bd6dc~8ac3212e-e22e-461d-9467-8b099596c8e1~1343044247348~3~2~0~0~0~8~69~11~0~2~

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