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.
Featured

15 Mind-Bending Riddles

Hopefully they will make you laugh.

184502
 Ilistrated image of the planet and images of questions
StableDiffusion

I've been super busy lately with school work, studying, etc. Besides the fact that I do nothing but AP chemistry and AP economics, I constantly think of stupid questions that are almost impossible to answer. So, maybe you could answer them for me, and if not then we can both wonder what the answers to these 15 questions could be.

Keep Reading...Show less
Entertainment

Most Epic Aurora Borealis Photos: October 2024

As if May wasn't enough, a truly spectacular Northern Lights show lit up the sky on Oct. 10, 2024

10937
stunning aurora borealis display over a forest of trees and lake
StableDiffusion

From sea to shining sea, the United States was uniquely positioned for an incredible Aurora Borealis display on Thursday, Oct. 10, 2024, going into Friday, Oct. 11.

It was the second time this year after an historic geomagnetic storm in May 2024. Those Northern Lights were visible in Europe and North America, just like this latest rendition.

Keep Reading...Show less
 silhouette of a woman on the beach at sunrise
StableDiffusion

Content warning: This article contains descriptions of suicide/suicidal thoughts.

When you are feeling down, please know that there are many reasons to keep living.

Keep Reading...Show less
Relationships

Power of Love Letters

I don't think I say it enough...

455054
Illistrated image of a letter with 2 red hearts
StableDiffusion

To My Loving Boyfriend,

  • Thank you for all that you do for me
  • Thank you for working through disagreements with me
  • Thank you for always supporting me
  • I appreciate you more than words can express
  • You have helped me grow and become a better person
  • I can't wait to see where life takes us next
  • I promise to cherish every moment with you
  • Thank you for being my best friend and confidante
  • I love you and everything you do

To start off, here's something I don't say nearly enough: thank you. Thank you, thank you, thank you from the bottom of my heart. You do so much for me that I can't even put into words how much I appreciate everything you do - and have done - for me over the course of our relationship so far. While every couple has their fair share of tiffs and disagreements, thank you for getting through all of them with me and making us a better couple at the other end. With any argument, we don't just throw in the towel and say we're done, but we work towards a solution that puts us in a greater place each day. Thank you for always working with me and never giving up on us.

Keep Reading...Show less
Lifestyle

11 Signs You Grew Up In Hauppauge, NY

Because no one ever really leaves.

24826
Map of Hauppauge, New York
Google

Ah, yes, good old Hauppauge. We are that town in the dead center of Long Island that barely anyone knows how to pronounce unless they're from the town itself or live in a nearby area. Hauppauge is home to people of all kinds. We always have new families joining the community but honestly, the majority of the town is filled with people who never leave (high school alumni) and elders who have raised their kids here. Around the town, there are some just some landmarks and places that only the people of Hauppauge will ever understand the importance or even the annoyance of.

Keep Reading...Show less

Subscribe to Our Newsletter

Facebook Comments