deacfan1993
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High Point is notorious for never borrowing money. Their debt is outweighed vastly by their assets. I believe their asset to debt ratio is nearly 10:1. Which is truly remarkable. HPU is so rich they scoff at a 170 million dollar project.
This is just incredibly inaccurate. HPU is well-known for holding enormous amounts of debt:
"High Point’s attempt to build, or even create, its brand is ambitious and perhaps unprecedented. There are certainly skeptics. The transformation is reliant on a level of debt that is rarely seen in higher education, and a 2012 Businessweek article pointed out that Moody’s downgraded High Point bonds to junk status after the university borrowed $165 million. That same article included the factoid that High Point paid nearly $1 million annually to a public relations and consulting business run by Qubein’s daughter. The real question, of course, is whether any college or university is capable of changing its reputation significantly. High Point is a great case study in answering that question."
Source: https://www.insidehighered.com/admi...problems-justice-departments-campaign-against