|[December 05, 2013]
Fitch: U.S. Colleges & Universities 2014 Outlook Stable Driven By Adaptability
NEW YORK --(Business Wire)--
The 2014 Outlook for U.S. colleges and universities is Stable, supported
by adaptability in the face of broad challenges, according to a Fitch
'College affordability and job attainment remain a focus for students
and families, while institutions grapple with the uncertain economy,
demographic shifts and technological advancements,' said Joanne
Ferrigan, Director. 'Institutions are placing greater emphasis on
performance metrics, including retention and graduate rates, which could
influence which students are recruited, and how future academic programs
are offered or configured.'
Overall, Fitch expects moderate tuition and fee increases over the near
term, which will help to maintain relatively stable enrollment at most
colleges and universities, but still create budget pressures from
constrained net tuition revenue growth.
Liquidity levels, generally improved through 2013, remain a partial
offset for potential demand and operating challenges.
Pressured by state and federal cost-cutting initiatives and diminished
funding levels in recent years, institutions are likely to remain
fiscally conservative evidenced by expense containment, measured debt
issuance, and focus on capital preservation.
Constrained family finances, a decrease in the number of high school
graduates in certain regions of the country, and changing demographics
are key factors influencing the competitive market environment for
colleges and universities in 2014.
Fitch will host a conference call to discuss its 2014 U.S. Colleges and
Universities on Deember 12th at 11:00 AM eastern.
U.S. Participants: +1-877-467-8597
Conference and Replay ID: 73933884
will be available for 30 days:
U.S. Replay: +1-855-859-2056
For more information, a special report titled '2014 Outlook: U.S.
Colleges and Universities' is available on the Fitch Ratings web site at www.fitchratings.com.
Additional information is available at 'www.fitchratings.com'.
Applicable Criteria and Related Research: 2014 Outlook: U.S. Colleges
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