Alva Review-Courier -

University of Oklahoma president says $1B debt not uncommon


NORMAN, Okla. (AP) — The president of the University of Oklahoma says the school's nearly $1 billion debt is large but comparable to similar public universities.

The Oklahoman reports President David Boren's Wednesday statement followed earlier remarks by his successor, who starts July 1. Incoming president Jim Gallogly said Tuesday that the school is losing $36 million a year with the Norman campus almost $1 billion in debt.

Boren says the debt amount is close in scope to similarly rated public universities such as Oklahoma State University, especially those that don't receive funding su...

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