Things look great for private colleges with A1 credit ratings. For schools that are already doing well, student demand will rise, favorable financial markets will boost endowments and alumni giving, and government support will strengthen in the near future. But, tough times may lie ahead for schools with weaker credit ratings. These schools, Moody's says, will be plagued by shabby endowments and stiff competition from the for-profit sector.
Distance education goes to Moscow.
Harcourt subsidiary Academic Press signs a deal with the Russian Academy of Sciences and the Russian Foundation of Basic Research. But hold the champagne. Even though the other file-swapping services have the same legal problems, industry analysts say the Napster ruling could actually benefit them. The Ohio State Board of Regents is about to remove the enrollment cap that the legislature placed on state colleges and universities in 1969. Because nobody can remember why the caps were put in place to begin with.