Nichols College Issued $20M in Bonds for Campus Enhancements
Wednesday, February 26, 2014
“The focus on student success continually drives us to improve the learning and living environment at Nichols College,” said Nichols College President Susan West Engelkemeyer, Ph.D.
The new building will span some 27,500 square feet and will also contain academic support services, classrooms and offices. The proceeds from the bonds will also help fund a bevy of other projects. The school will renovate and expand Chalmers Field House, improve campus lighting and landscaping, and finance various improvements across the college's Dudley campus. The bonds will also help to refinance already existing debt that was incurred during the construction of dormitories, academic buildings, and a gymnasium.
The bonds were purchased by United Bank and issued by MassDevelopment, the state of Massachusetts' finance and development agency, which works with businesses, nonprofits, educations and financial institutions to stimulate economic growth. During fiscal year 2013, MassDevelopment financed or managed 350 projects that generated investment in excess of $2.4 billion in the state's economy.
“We are excited to work with MassDevelopment to provide our students with enhanced academic, fitness and recreational facilities," continued President Engelkemeyer, "as we move toward our vision of becoming the college of choice for business and leadership education.”
Related Slideshow: Central MA Colleges & Universities with the Highest Student Debt
Seven in 10 college seniors (71%) who graduated last year had student loan debt, with an average of $29,400 per borrower, according to a new report released by the Institute for College Access and Success.
According to the Institute’s Project on Student Debt, the average student debt in Massachusetts is $28,460, but what about the state's individual institutions? Check out the slides below to see the average debt graduates are accruing at colleges and universities in Central Massachusetts. (Not all schools self-reported student debt; if not, they are not in the slideshow).
Note: All data is based on four-year or above institutions for students graduating in the 2011-2012 academic year. Worcester Polytechnic and University of Massachusetts Medical School are not included in the data below, because they did not report the average debt of their graduates.
#7 Worcester State Univ.
#6 Clark University
#5 Holy Cross
#4 Nichols College
#3 Assumption College
#2 Becker College
#1 Anna Maria College
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