Report on University Finances
Credit market uncertainty, a sharply declining stock market, and a deepening recession suggested that fiscal 2009 could be a difficult year for the university. But clear-sighted guidance from The New School’s trustees on increasing student financial support and timely management budget actions enabled the university to avoid the worst effects of the downturn. In April 2009, Moody’s reaffirmed the university’s A2 rating and stable outlook. The decision was based in part on The New School’s healthy reputation as an urban university with strong academic programs; its increasing undergraduate focus, leading to growth in enrollment; its strong and consistent operating performance; and the significant growth of its financial resources. Through their extraordinary dedication and steady service, the university’s trustees and volunteers have played a major role in helping The New School produce such excellent financial results.
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