Attention Colleges Desperate for Cash: Be Careful With the Endowment

By / / Education / 1 minute of reading


By David Jesse

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Illustration by The Chronicle; Photo by Aaron Peterson for The Chronicle; iStock

As the now-closed Finlandia University fought to stay open, it pledged restricted gifts as collateral on a loan. A court fight over the decision demonstrates risks for struggling colleges everywhere.



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About The Author

Avatar of Julia Hopkins
Julia Hopkins is a news writer for The Panic News. She has covered politics, health, business, parenting, and finance stories. Her hobbies include reading trashy novels on the beach and watching movies about serial killers.

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