Leon Lin was ecstatic when he found out he’d be leaving home in southern China to study at the University of Connecticut. As the Chinese agent whom his parents paid $5,000 to help him get into the school told him, the university’s flagship campus at Storrs was a highly ranked institution, with 25,000 students and ready access to Boston and New York City. And eventually Lin would return home with the status and career advantage of a U.S. degree.
New York Mayor-elect Bill de Blasio’s choice of Dean Fuleihan as budget director may bolster his relationship with state lawmakers, who must approve his signature plan to fund early-childhood education.
The State University of New York, which houses more than 70,000 students, is selling $526.7 million in bonds to renovate its dormitories as debt from Empire State issuers beats the broader muni market.