Friday, May 19, 2023

The Rare Debt-Free College - Josh Moody, Inside Higher Ed

Monmouth University has spent millions of dollars on campus investments while borrowing next to nothing. Philanthropic support helps, but a clear balance sheet remains a top strategic priority. Monmouth University has spent $168 million on construction in the last decade, building new facilities and updating existing structures—all without incurring debt. With an endowment of around $135 million, Monmouth doesn’t have deep pockets. And it isn’t just the generosity of donors alone that has allowed Monmouth to add to its campus without taking out loans; it’s a steadfast commitment to operating with little to no debt on the balance sheet.