<p>My understanding is that some of the least financially stable colleges don’t have bond ratings. As noted above, you have to participate in the process. Some colleges borrow money privately, vs. through the bond market.</p>
<p>Here’s Moody’s list of the public universities with the highest bond rating:</p>
<ul>
<li> Indiana University</li>
<li>Purdue University</li>
<li>Texas A&M University system</li>
<li>University of Michigan</li>
<li>University of North Carolina at Chapel Hill</li>
<li>University of Texas system</li>
<li>University of Virginia</li>
<li>University of Washington </li>
</ul>
<p><a href=“Many state universities face fiscal challenge - CBS News”>http://www.cbsnews.com/news/many-state-universities-face-fiscal-challenge/</a></p>
<p>One of the downsides of US News is that they put too much emphasis into how much a college spends, instead of the cost-efficiency of the colleges. </p>