Thursday, February 26, 2015

Debt of Ohio public universities tops $6.5B - Chelsey Levingston and Amanda Seitz, Dayton Daily News

College graduates aren’t the only ones finding themselves deep in debt. Ohio’s 14 public universities have more than doubled the debt they owe in recent years to an unprecedented $6.5 billion. Nearly all of the money college officials have borrowed is a result of building booms on Ohio’s campuses. Among the projects financed with debt: an $80 million football stadium at the University of Cincinnati, a $37 million neuroscience research center at Wright State University, a $25.8 million “state-of-the-art” recreation center at the University of Akron and a $1.1 billion medical center expansion at The Ohio State University.

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