Inside Higher Ed: Keeping the Faith

LucieTheLakie
Fri, 24 Jan 2014 13:32:07 +0000

Yeshiva University’s finances are a stunning list of headaches: a distracting $380 million lawsuit against top officials, a $60 million bank line of credit (for paying bills) that is secured by two vital campus buildings, and revenue shortfalls that just keep coming, including a deficit of $150 million last year alone.

With no immediate end to such things in sight, Moody’s Investors Service has said bonds issued for Yeshiva – a highly respected Jewish university in Manhattan – are junk.

But administrators say they are working diligently to make the university sustainable, and some faculty, driven by the notion that the university is unique and has assets and a future beyond the eye-popping short-term math, believe the institution is or can eventually be solid.



Read more: [Yeshiva, which has junk bond finances, isn’t going anywhere, professors say | Inside Higher Ed](http://www.insidehighered.com/news/2014/01/24/yeshiva-which-has-junk-bond-finances-isnt-going-anywhere-professors-say#ixzz2rLFwoVWs)

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