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The Long Road to Recovery for New Orleans’ Universities

As the flood waters slowly recede from New Orleans, and the city begins to pick itself up from the devastation wrought by hurricane Katrina, four local universities face severe and long-term financial stress. Loyola University, Southern University, and ASEE member schools Tulane University and the University of New Orleans, have all been placed on a watch list for possible downgrade by the Moody’s credit rating agency. With their finances ultimately dependent on enrollments, these universities are unsure whether or not they can hold on to their students, let alone recruit new ones to the city.

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