Suffolk University is still going strong | The Odyssey Online
Start writing a post
Student Life

Suffolk University is still going strong

Regardless of the turmoil we have faced, Suffolk University is ready for a fresh start

97
Suffolk University is still going strong
alive campus.com

2016 has been a harsh year for the Suffolk Rams. In late January, Suffolk University’s then-president, Margaret McKenna was suspected of financial mishandlings and harsh leadership methods by board members. McKenna, who had been appointed only a year before, faced a report commissioned by the trustees that detailed her actions and was eventually fired by the board in July.

It is important to note that McKenna was Suffolk University’s fifth president in five years, including interims.

As if matters did not look bleak enough, a recent article in The Boston Globe highlights the details of the latest report by Moody’s Investors Service. The report serves to deliver a basic investigation of the entire climate in higher education institutions, one of them being Suffolk. However, Moody’s did not shy away from pointing out that tension between the president of a university and that university’s boards and faculty can be dangerous for that school, both financially and actively.

Moody’s report made no threat to decrease Suffolk’s current bond rating, but we must remember that a school’s bond rating can be the key factor in securing the school’s interest rate to borrow money; additionally, a school’s bond rating can affect its interest among large donors and its reputation in other schools.

In 2014, the last time Suffolk was rated by Moody, the report stated the school’s five consistent years of low or decreasing enrollment and almost complete reliance on tuition for its operating budget are both the result of the endowment being considerably small at $185 million. Nevertheless, the school earned a reasonable Baa2 rating with a good outlook.

Suffolk University spokesman Greg Gaitlin said the enrollment decline between 2012 and 2015 was 40 percent from the Law School. This statistic echoes a national trend of decreasing attendance as well as an inner plan at Suffolk to lower the number of its law school students.

Currently, Suffolk University’s operating budget is roughly $300 million and its total debt is about $350 million. Moody’s Investors Service can adjust these rated entities if necessary.

Despite everything, Gaitlin was happy to report to the Globe that Suffolk University opened its doors this fall for the school’s second largest freshman class, the initial rating being 1,203 students. With Gaitlin stating the school has maintained academic quality and a stable group of longtime administrators, perhaps the fall 2016 semester will prove optimistic for Suffolk University.

Report this Content
This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.
friends
Photo by Elizeu Dias on Unsplash

If I have learned one thing in my lifetime, it is that friends are a privilege. No one is required to give you their company and yet there is some sort of shared connection that keeps you together. And from that friendship, you may even find yourself lucky enough to have a few more friends, thus forming a group. Here are just a few signs that prove your current friend group is the ultimate friend group.

Keep Reading...Show less
ross and monica
FanPop

When it comes to television, there’s very few sets of on-screen siblings that a lot of us can relate to. Only those who have grown up with siblings knows what it feels like to fight, prank, and love a sibling. Ross and Monica Geller were definitely overbearing and overshared some things through the series of "Friends," but they captured perfectly what real siblings feel in real life. Some of their antics were funny, some were a little weird but all of them are completely relatable to brothers and sisters everywhere.

Keep Reading...Show less
Lifestyle

11 Types Of Sorority Girls

Who really makes up your chapter...

2196
Sorority Girls
Owl Eyes Magazine

College is a great place to meet people, especially through Greek life. If you look closely at sororities, you'll quickly see there are many different types of girls you will meet.

1. The Legacy.

Her sister was a member, her mom was a member, all of her aunts were members, and her grandma was a member. She has been waiting her whole life to wear these letters and cried hysterically on bid day. Although she can act entitled at times, you can bet she is one of the most enthusiastic sisters.

Keep Reading...Show less
Lifestyle

10 Reasons Why Life Is Better In The Summertime

Winter blues got you down? Summer is just around the corner!

1860
coconut tree near shore within mountain range
Photo by Elizeu Dias on Unsplash

Every kid in college and/or high school dreams of summer the moment they walk through the door on the first day back in September. It becomes harder and harder to focus in classes and while doing assignments as the days get closer. The winter has been lagging, the days are short and dark, and no one is quite themselves due to lack of energy and sunlight. Let's face it: life is ten times better in the summertime.

Keep Reading...Show less
Relationships

10 Things That Describe You and Your College Friends

The craziest, funniest, and most unforgettable college memories are impossible to create without an amazing group of friends.

1463
College Friends
Marina Lombardi

1. You'll never run out of clothes when you have at least four closets to choose from.

2. You embrace and encourage each other’s horrible, yet remarkable dance moves.

Keep Reading...Show less

Subscribe to Our Newsletter

Facebook Comments