Fitch Ratings has upgraded The Ohio State University's Issuer Default Rating (IDR) to 'AA+' from 'AA'. Fitch has also upgraded to 'AA+' the ratings on general receipt bonds issue by Ohio State. The 'F1+' rating on bonds supported by self-liquidity has been affirmed.
The annual proposal detailing the cost of education at The Ohio State University includes a continuation of the Ohio State Tuition Guarantee . The popular program locks in tuition, housing and dining costs for each entering in-state student cohort for four years.
Leveraging its strong commitment to sustainability goals within its physical environment, Ohio State secured the University System of Ohio’s first green bond designation with the successful issuance of its $600 million Series 2021A bonds.
The Ohio State University names a new Chief Risk Officer Fitzroy ("Fitz") Smith, effective September 13, 2021. Fitz will lead the Office of Enterprise Risk Management, overseeing the university's operational and strategic risk management, international risk management, business continuity and insurance.
The Ohio State University stands on stable ground after an unprecedented year managing the COVID-19 pandemic.
Fiscal year 2021, which ran from July 1, 2020, to June 30, 2021, outperformed the previous fiscal year, driven primarily by strong investment performance, continued positive momentum at the health system and significant efficiency measures across the university.
Overall, the university’s response to the pandemic helped to preserve and protect its long-term fiscal health while continuing to invest in needed initiatives for the short term.
Effective July 1, 2021, the university will allow business-related travel in line with updated health and safety requirements and our continued focus on fiscal responsibility.
Faculty and staff are expected to exercise prudent fiscal management when considering FY22 travel arrangements to determine whether in-person or virtual attendance at any event, program or other circumstance will be most effective. Travel has been restricted since March 2020 because of the pandemic, and we should utilize the lessons learned about our ability to conduct business in flexible and efficient ways.
Health recommendations: Only fully vaccinated people should consider travel. Those...
As vaccinations increase and The Ohio State University prepares for more-normal operations, leaders say the institution’s financial outlook is strong and, while challenges remain, Ohio State is well positioned to invest in the future while continuing to manage the COVID-19 pandemic.
Since 2018, in-state first-year students have benefited from the Ohio State Tuition Guarantee , which locks in tuition, housing and dining costs for each entering cohort for four years. For autumn 2021, the university plans to increase tuition and fees for incoming Ohio freshmen by 3.8%, which equates to a $418 annual change from last year’s rate, according to a proposal being presented to the university’s Board of Trustees on Thursday.
A new budget for Ohio State provides a clearer picture of the impact of the COVID-19 pandemic on university operations. The Board of Trustees voted today to approve a $7.5 billion budget for Fiscal Year 2021. University leadership presented a detailed overview of the budget to the board that showed how the pandemic continues to present significant budgetary challenges for Ohio State. No source of revenue is unaffected.