Originally Posted by Anonymous
The school is heavily leveraged. I don't think they have any endowment to speak of.

http://www.businessweek.com/articles/2012-04-19/bubble-u-dot-high-point-university


If the article was not bad enough, oh God are those comments from ex-profs awful. $2.1 billion in spending planned...in rural North Carolina?!? At a school with a current endowment of $37mm?!? My kid's K-8 parochial school has a bigger endowment than that. Unless Mike Milken is joining the board to help sell some non-investment grade bonds with High Point as an issuer, this place may not even have doors open to welcome a 2017 commit. Sweet Jeezzuuusss.