So my college is currently in 4 million dollars of debt. I’ve tried finding out how that is even possible for them considering they are land grant university, however they are also an hbcu. Were they misappropriating funds? If they were how are misappropriated funds usually used and what are the consequences of it for colleges?
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Debt isn’t necessarily a bad thing. If they used that 4 million to say open some new student halls or provide some new courses they could easily make more than the 4 million + interest by the time they’ve paid it back.
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