Amanda Albright

Wingate University told thousands of high schoolers some good news: They were already accepted into the class of 2030, and they’d be receiving $24,000 of scholarships. No application required.

(Bloomberg) -- Wingate University told thousands of high schoolers some good news: They were already accepted into the class of 2030, and they'd be receiving $24,000 of scholarships.

William Jessup University, a struggling Christian institution outside of Sacramento, received a lifeline from a wealthy benefactor with longstanding ties to the college.

Belmont University tapped Goldman Sachs Group Inc. for a margin loan this summer to raise cash, in a sign that even larger universities are facing budget strains.

UNC students have never been told what “yes” is.

Like borrowing from a 401(k), the tactic can help short-term but carries big long-range risks.

Faced with multi-million dollar deficits, Hiram College in Portage County borrowed from its $56 million endowment.

Add Fortune on Google for similar content. A college endowment is supposed to last forever, supporting students, professors and research in perpetuity.

A college endowment is supposed to last forever, supporting students, professors and research in perpetuity.

When a neighboring college closed, the Catholic university scooped up the campus, giving the powerhouse school the ability to add more students.