UPenn, Clemson Show College Bond Sales-Boom Isn’t Over

The borrowing boom that America’s colleges and universities went on last year is likely to continue in 2025 as they upgrade campuses to compete for a shrinking pool of potential students and race against threats to their tax breaks.

Less than two weeks into the new year, already the University of Pennsylvania and Clemson Universityin South Carolina have made plans to sell almost $400 million of debt in the municipal bond market. Schools are likely to borrow between $25 billion and $30 billion in 2025, according to FHN Financial. That would be about on par with nearly $27 ...