Moody’s downgrades 7 Illinois universities, 5 are junk

By Ted Dabrowski, John Klingner
Illinois universities have hiked tuition and relied on state subsidies to pay for exorbitant administrative salaries — and now credit rating agencies are punishing them for that destructive behavior.

TAGS: budget, credit rating, CSU: Chicago State University, EIU: Eastern Illinois University, higher education, Illinois Board of Higher Education, Moody's Investor Service, NIU: Northeastern Illinois University, University of Illinois, University of Illinois at Urbana-Champaign, WIU: Western Illinois University