<p>In the winter issue of MIddlebury Magazine (which apparently they don’t send to new parents since we didn’t get the spring edition), there is an interview with Middlebury’s Vice President for Administration and Chief Financial Officer Patrick Norton. In it, he states:</p>
<p>
</p>
<p>I might ask that we revisit the questions and ask now, is Midd meeting their short term obligations (not needing to borrow to pay the rent)? And while what was done right or wrong is probably too early to tell, I think there is some indication that the bull is at least looking for the door and that bearish sentiment (as referred to above) is hopefully lessening amid stronger market indications. </p>
<p>I did notice, however, that Midd got huge kudo’s for being so open about their predicament and that other schools should follow Midd’s lead for the benefit of their students, faculty and alumni. I think it was Midd’s honesty that helped it reach its 60% Alumni giving level – an impressive number for any year made even more so in this climate.</p>
<p>and oh yeah… saw that Midd is servicing $270 Million (?) in debt. Based on the numbers given, not sure the 4.4% is still as good a deal as layed out by the article - -another revisit to that question would be nice as well.</p>