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The NAICU Discussion Section
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College Cost Central
Economic, cost, and affordability trends in private higher education
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NAICU in Action
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Bank Limits Fund Access by Colleges, Inciting Fears
New York Times
October 2, 2008
In a move suggesting how the credit crisis could disrupt American higher education, Wachovia Bank has limited the access of nearly 1,000 colleges to $9.3 billion the bank has held for them in a short-term investment fund, raising worries on some campuses about meeting payrolls and other obligations.
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