Will the stock market close on a high note tomorrow, the last day of the fiscal year for most colleges? Will that last big gift come in before the books close?
As always, the answers could help determine whether some colleges will face demands to pay off their debt faster than planned or be subjected to extra monitoring by the U.S. Department of Education. Others might encounter more scrutiny from their accreditors, or pay higher rates of interest when they borrow cash to cover day-to-day expenses.