Post by Chris_Wendt on Mar 1, 2014 8:33:39 GMT -5
Citing declining enrollment, Moody's Investors Service downgraded the debt rating of St. Joseph's College from Baa1 to Baa3, one step above junk bond status.
Here's an interesting point of comparison: tuition & fees at St. Joseph's for the current academic year are at $21,880.
For the most recently published school year, 2012-13, NYSED reports the cost per pupil in Wantagh UFSD as $21,458.
Chris Wendt
"The rating action affects $26.5 million of Series 2010 bonds, issued through the Dormitory Authority of the State of New York, the report said."
"Between fall 2010 and 2013, the college's enrollment dropped more than 9 percent, Moody's said."
"Between fall 2010 and 2013, the college's enrollment dropped more than 9 percent, Moody's said."
For the most recently published school year, 2012-13, NYSED reports the cost per pupil in Wantagh UFSD as $21,458.
Chris Wendt