Financial reserves are essential to the sustainability of any college or university. Integrating reserve goals to strategic planning through development of a strategic financial plan helps ensure that sufficient reserves will be available to meet the institution’s needs.

Issuance of tax-exempt debt is one of the most affordable ways for institutions to finance large capital projects. The affordability of debt is partly contingent on an institution’s credit rating, and unrestricted financial reserves are a significant component of that rating.

Anyone unfamiliar with the financial structure of not-for-profit colleges and universities may question why these organizations often carry significant financial reserves on their...

The environment in which higher education is operating is creating the need for new thinking and strategies. Institutions may need to swing big and hope for a home run.

Publication of the academic catalog for the 2024-2025 academic year may seem a long way off right now, but now is the time to start thinking about an academic portfolio review to ensure...

Recent bank failures have shaken markets and raised questions about the stability of the banking system. This special market update explains why the failures that have occurred appear to be examples of institution-specific versus systemic risk, but notes that it remains too early to declare this a non-event.

Recent bank failures are a reminder of the importance of properly measuring counterparty risk and ensuring that business continuity plans include scenarios in which a banking partner is no longer able to provide key treasury services.

In January, we brought together the higher education sector leaders from the three major rating agencies. In this month’s blog, we summarize five of the key takeaways from our conversation.

Listen to higher education sector leaders from Fitch Ratings, Moody’s Investors Service, and S&P Global Ratings for an in-depth conversation on trends affecting rating actions in higher education today.

Earlier this month, our colleagues in Kaufman Hall’s Treasury & Capital Markets practice published this Credit and Capital Markets Outlook for 2023. Their analysis was focused on...

Partnerships between health systems and higher ed institutions can address the critical and growing need for health professionals and help both parties respond to evolving needs for new skills and capabilities, together building a broader and better health professional workforce.

Liquidity optimization offers colleges and universities a significant financial opportunity. It also is an imperative to meet the mounting financial challenges and risks that higher education faces today.