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>> MOODY'S Latest News

OCT 15, 2013 - Huffington Post

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College Sports Spending Poses Big Risk To University Budgets, Moody's Warns

College sports are becoming bigger financial risks for universities throughout the country, according to a report issued Friday from Moody's Investors Service. A vast majority -- 90 percent -- of college sports programs operate at a loss and require subsidies from the colleges, Moody's noted. Between 2008 and 2012, university subsidies funneled to sports programs increased by a median of 25 percent, according to the report. During roughly the same period, state spending on higher education declined by 28 percent, the Center on Budget and Policy Priorities concluded in March, often ... Read More

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