Monday, March 30, 2015

After building boom, UMass $3 billion in debt - Laura Krantz, Boston GLOBE

From a gleaming science center in Boston to an honors college in Amherst, the University of Massachusetts has enjoyed an unprecedented building boom over the past decade, with new classrooms and dorms and long-delayed infrastructure improvements across its five campuses. But all that spending has also left UMass with $3 billion of debt. And that cloud could present a challenge as it seeks to continue the growth that in recent years helped bolster enrollment and raise the university’s profile from an affordable “safety” school for many students to a more expensive, desirable, and highly competitive one.

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