Private Higher Education

Specific credit characteristics FGIC analyzes in underwriting private higher education sector transactions include enrollment trends, recruitment strategy, financial performance, endowment and spending policies, competition, management and overall legal covenants.

Public Higher Education

FGIC's credit analysis of public higher education institutions includes a review of the type of security and school. We also assess the relationship between the state and the public university, state appropriation trends, tuition raising flexibility, and the university's plans to accommodate projected growth or decline in population. We review financial operations and debt leverage, evaluate fundraising ability, and endowment size and performance.