Long-term liabilities grow at Michigan universities

Sep 30, 2013
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Building projects and retiree health care are major course of borrowing

Source: Mlive

GRAND RAPIDS, MI -- Debt and long-term liabilities have grown over the past decade at colleges and universities throughout Michigan. The increases occurred as universities borrowed to help finance new construction projects and liabilities, such as retirement health benefits, grew in cost.

Read more at: Mlive