Yahoo! News: Education News

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Dorm alternative for small colleges may be employee basement Posted: 15 Aug 2015 01:37 PM PDT CEDAR CITY, Utah (AP) — Incoming freshman Gabrielle Szczerbiak isn't getting the traditional college housing experience she expected. She will have a roommate, and there are rules — no boys in the bedrooms and a curfew.

S&P downgrades Chicago Public Schools credit to BB Posted: 14 Aug 2015 07:32 PM PDT Standard & Poor's Ratings Services on Friday cut the credit rating for the Chicago Board of Education, responsible for the oversight of Chicago Public Schools, to "junk" status, dropping its general obligation bonds to a rating of 'BB' from 'BBB'. The nation's third-largest public school system earlier this week released its $5.7 billion 2016 budget, which includes a historic $1.1 billion budget deficit driven by rapidly rising pension payments. Moody's cut the district's rating to Ba3, or "junk" in May, and Fitch ratings said it downgraded its rating on the Chicago Board of Education's general obligation bonds by one notch to BB+ from BBB- in July.

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