Attention Colleges Desperate for Cash: Be Careful With the Endowment

By / / Education / 1 minute of reading


By David Jesse

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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Avatar of Julie Levy
Julie Levy is a journalist with a passion for sports, education, and tech. She's been writing about these topics for the past five years at Global Affairs Press. In her free time, she enjoys playing tennis and swimming in the ocean. She's also a huge fan of dogs—she has three!

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