a day ago
Penn Takes Out $300 Million Loan Amid Higher-Ed Borrowing Spree
By and Elizabeth Rembert
Save
The borrowing spree for elite US universities shows no signs of slowing down.
The trustees of the University of Pennsylvania entered into a $300 million loan this month, according to a Thursday regulatory filing that doesn't identify the lender. The agreement allows the school to use the proceeds for general corporate purposes.
