Originally published at: https://pistolsfiringblog.com/chad-weiberg-says-oklahoma-state-doesnt-intend-on-using-redbird-credit-line-from-big-12-deal/
As of right now, that is something that Oklahoma State will not do at this point.’
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Not surprised given the high interest rate on the repayment.
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A little ironic though considering universities are built on generating student loan debt that many students can’t seem to escape
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Good. I don’t see the advantage of using private equity when there are things called banks, not that they don’t charge too much interest. All a scam due to the huge $cam called the Federal Reserve which isn’t federal.
And bonds which is how/why so many unis have massive debt. I wonder if zerOU still has that over 1 billion debt, and I think oSu’s was over $600 mill.
And went to took up it, according to ChatGPT:
• The University of Oklahoma currently carries roughly $1.0–1.1 billion in outstanding bond debt on its Norman campus alone, depending on which reporting source and date you use.
• Oklahoma State University currently has about $661.4 million in outstanding revenue bond debt, according to the Oklahoma 2025 State Debt Report.