COLUMBUS, Ohio (AP) — Outstanding debt among Ohio's 13 four-year public universities has nearly tripled over the past decade amid a building spree on classroom buildings, dormitories and recreation centers.
At Ohio State University, which has built a recreation center and student union, debt has more than quadrupled.
Of the state's public universities, Ohio State has the largest total debt load at nearly $2.5 billion — more than four times what it was in 2002.
But, according to The Columbus Dispatch (bit.ly/Tuxnd4), campuses must find new money sources or leave it to future generations of students to pay for the construction spree.
Information from: The Columbus Dispatch, http://www.dispatch.com