Universities have long issued bonds to raise money, but the amount being issued has nearly doubled in recent years —and is increasing as government funding is paused.
Plaintiffs in a 2022 class-action lawsuit against 17 elite colleges who allege the schools colluded in determining financial aid packages are seeking $685 million in damages.
Roughly half of international students are from China or India — and many are grad students or recent graduates permitted to work on a student visa for a time after graduation.