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 Juana Lancaster
Juana Lancaster is a news writer for News Day Laura. She writes about politics, health, business, parenting, and finance. When she's not writing, she's usually watching The West Wing or getting lost in the world of Harry Potter.

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