College Hurt by International Student Drop to Drain Endowment

The Illinois Institute of Technology in Chicago plans to borrow as much as $200 million from its endowment through fiscal 2028, citing a decline in international student enrollment. The university, which focuses on science, technology, engineering, and mathematics programs, did not provide specific enrollment figures or a timeline for repaying the borrowed funds. The borrowing plan requires approval from the institution's board of trustees.

• Bloomberg — College Hurt by International Student Drop to Drain Endowment

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