Page 1
Data and ratings as of June 1, 2023
U.S. Not-For-Profit College And University Fiscal 2022 Medians And Ratios
Private And Public Institutions
414
49
Percentage of institutions
Rated public and private
institutions
States and territories represented
66% of 414 institutions
34% of 414 institutions
A-
A+
Source: S&P Global Ratings.
Source: S&P Global Ratings.
Rating
distribution
AAA
AA
A
BBB
SPEC
AAA
AA
A
BBB
SPEC
Median rating for
private institutions
Median rating for
public institutions
Published articles
11
45
91
104
22
7
52
63
16
3
Source: S&P Global Ratings.
Source: S&P Global Ratings.
Outlook distribution
Primary authors
Steven Sather
steven.sather@spglobal.com
Nicholas Fortin
nicholas.fortin@spglobal.com
Secondary contacts
Jessica Wood
jessica.wood@spglobal.com
Laura A Kuffler Macdonald
laura.kuffler.macdonald@spglobal.com
Content visualization contacts
Deegant Pandya
deegant.pandya@spglobal.com
Bushra Dawawala
bushra.dawawala@spglobal.com
Source: S&P Global Ratings.
Source: S&P Global Ratings.
Data and ratings as of June 1, 2023
Page 2
Data and ratings as of June 1, 2023
U.S. Not-For-Profit Private College And University Fiscal 2022 Medians And Ratios
As Pandemic Risks Abate, Enrollment Pressures Persist
Overview
Tuition discount rate (%)
Matriculation (%)
273
39
Rated private institutions
States and territories
represented
Rating distribution
(%)
10%
A-
Private institutions on a negative outlook as of June 1, 2023
Median rating for
private institutions
SG--Speculative-grade. Source: S&P Global Ratings.
SG--Speculative-grade. Source: S&P Global Ratings.
SG--Speculative-grade. Source: S&P Global Ratings.
Source: S&P Global Ratings.
Cash and investments to operations (%)
Cash and investments to debt (%)
Change in median debt
Published
articles
Primary authors
Steven Sather
steven.sather@spglobal.com
Secondary contacts
Jessica Wood
jessica.wood@spglobal.com
Laura A Kuffler Macdonald
laura.kuffler.macdonald@spglobal.com
Content visualization contacts
Deegant Pandya
deegant.pandya@spglobal.com
Bushra Dawawala
bushra.dawawala@spglobal.com
SG--Speculative-grade. Source: S&P Global Ratings.
SG--Speculative-grade. Source: S&P Global Ratings.
SG--Speculative-grade. Source: S&P Global Ratings.
Data and ratings as of June 1, 2023