The global economic slump is received

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The global economic slump is received, and student's competition is made keen (keenness) at a private university in the United States.
The student flows to a public school in the background of the credit crunch etc. of the education loan, and the capital investment of the boom period presses management.
The movement of the merger etc. seems to go out in the future, too.

 - The depression and the entrance sharp decline.

A new schoolhouse of the distinguished family private Symons university in Boston was visited on the morning of one Thursday in March.
Having completed it by 6200㎡ in premises area in January this year. The shadow is few though gorgeous plants and buildings where total cost 32 million dollars (about 3,173,120,000 yen) were spent.

The influence of the world recession is received, and the enrollment of the Symons university traces Chizu setback Noi. The purpose is for students who receive the blow to the credit crunch of the education loan and the setback of the savings forehead to choose the Yasui school of tuition.

Being possible the to carry out of can the arrival facilities in the student housing etc. where the kitchenette and the community antenna television system that will attract the student adhere have pressed the government finance of this university if it flushes with cash in addition to declining enrollments.

Professor Ronald Ehrenberg of Cornell where the book on the tuition of the soaring university exists, too (economics) specifies, "The university ran wastefully because it gets on the flow of the world where it gave birth to the bubble economy".

The blow is large like a private university without rate of awareness low, attractive program. It suffers from the obligation that many had by the schoolhouse construction etc.The donation revenue decreases sharply, and it is desperate in the student collection where.

The revolution given up might be necessary so that such a university may survive. The senior policy analyst and Sandy Baume of the U.S. College Board College board enumerated providing with the Manpower Training program that selling oneself and the leading university to the tela to aim at the merger and the money making with a large-scale university did not execute etc. as a survival method.

 「The management of the university that rate of awareness is low, and small-scale becomes tuition Tano seeing. Therefore, the financial situation worsens drastic if an enough number of students cannot be secured. 」Baume speaks solving.

One example of falling into the bankruptcy () is a private Santa Fe university in the New Mexico.
This university of 1900 people of the number of students announced closure on March 24. It is because the debt retirement of 30 million dollars stagnates, and the merger deal as state New Mexico Highlands University broke down.

 - 207 schools are capital scarcity.

It serves as the president of distinguished family Franklin Marshall University in Pennsylvania state, and Mr. Richard Nedorar who starts in the management consultant industry speaks many of small-scale universities to be in a similar situation to the Santa Fe university now.

This Mr. is analysis as for the financial situation of 678 universities the U.S.. If 207 universities do not have the capital of being able to endure the management of the long-run, it is Iu. 「If the marketplace normalizes by the end of this year, it is likely to be able to survive a lot. However, the number of universities that fall into the operating crisis increases by a factor of ten if the depression continues after next year. 」

The tragedy of the Symons university started from an easy debt as well as the housing bubble. The classroom was connected by the radio network in the obtained financing of 140 million dollars or more, the library was repaired, and the cafeteria where the coffee bar and the milk shake were able to be made from the self-service was set up at the student center.

In the backdrop in which a large sum of financing was obtained, there was the us economy in which it got excited over the boom. The donation revenue increased, and student's parents obtained an advantage in the bull market. The student was able to borrow a large sum of education loan.
Enormous amount is disadvantageous in the bubble popping school bond.

School expenses and living expenses rose in the United States every year at that time at the time of good economy by the proportion that exceeded the inflation rate by the average by as much as 3%. The aggregate amount in the consequence and 2008 to which the Symons university also had done the price hike along this flow became 41,500 dollars that exceeded all Watashi Ohira Hitoshi 34,132 dollars (about 3.38 million yen) by 22%.

The confidence marketplace is decay under this situation. The Symons university put out the interest rate rise risk of the floating rate type school bond, and this backfired and the damage of 10 million dollars or more was put out though hedge was done by the swap agreement.

Standard & Poor's (S&P) assumed that the deficit was expected, and reduced the investment rating of the school bond that the Symons university issued with Moody's Investors Service of the rating firm by one stage. This is received, and this university reduces five million dollars from the university budget of 100 million dollars, and, in addition, is typing out a new two million dollar downsizing plan by June.

Moreover, it raised the price of tuition and living expenses in fiscal year 2009 by 5%, and it hiked it to 43,500 dollars. It started the review of assets, and the president house in the red brick structure decided to be marketed by 2.2 million dollars.

President Nant in Helen Dori expects that purchase lingua AACSB (international third party evaluation institution concerning the management education) recognition leads to an increase in the number of entrance applicants in a new schoolhouse of the management graduate school that invests the enormous amount for the coming year capital and March.

However, it is recognized that it is not easy to increase the number of students from ordinary family's receiving a serious blow of the economic crisis at the same time.

 「A university from all over the U.S. is holding the same trouble. It will be necessary to make the student live, and to prepare educated facilities by the high education institution in the future though the review of an own cost structure is also important. 」President Nant in Dori is speaking solving.


- News Source
 http://www.business-i.jp/news/bb-page/news/200905110027a.nwc

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