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Monday, October 29, 2007

Kean U. debt downgraded over borrowing

Kean University, which many Plainfielders attend, has had its bond rating downgraded after a bond issue this past March, a report by the State Commission of Investigation released last week says.

The SCI, which can uncover prosecutable findings, did not say the school had done anything wrong.

But Kean, like the other New Jersey public colleges and universities are saddled by debt that is forcing tuition and fee increases.

Should the state step in to help the public colleges?

Can it afford to?



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