Pitzer College Receives "Outlook Stable" and "A" Rating from Fitch
Claremont, Calif. (September 15, 2011) - Pitzer College received "outlook stable and an "A" rating from Fitch Ratings.
Fitch found Pitzer's operating margin to remain "solidly positive since fiscal 2005, reaching 6% in fiscal 2010. Fiscal 2010 results excluded endowment spending due to management's prudent implementation of a multi-year reduction plan."
Pitzer College's financial stability has allowed the College to decrease the average cumulative debt after four years of study to $14,600 per student through an average financial aid package of $38,270.
"Our conscientious financial management has allowed Pitzer continual resources to support financial aid to students," said President Laura Skandera Trombley, "We are pleased to be recognized for our diligence."
Fitch Ratings is one of the three nationally recognized statistical rating organizations designated by the US Securities and Exchange Commission in 1975.