Dozens of private colleges and universities here -- seeking to cut costs -- will form a holding company that will take over many of their administrative operations.
Many candidates wanting to run for office in University of Delhi's student elections hit a stumbling block late last month: The Indian institution insisted that those with political aspirations...
The owner of a private Japanese university was arrested this month and charged with making off with millions of dollars in government subsidies while his institution ran up such huge debts that...
High-risk financial instruments—such as currency derivatives and “power reverse dual currency bonds”—were attractive to universities and other nonprofit organizations, including temples and hospitals, because they offered what appeared to be safe returns that were higher than those from government bonds. The investments peaked just before the global recession hit. Fujita Health University later lost $240-million, and Nanzan University $230-million. Hundreds of lawsuits over the losses are pending.
The Promotion and Mutual Aid Corporation for Private Schools of Japan said Friday that just 40.3% of private universities failed to reach capacity this financial year.
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