Mythbuster alert: small, private colleges and universities are remarkably resilient and show considerable financial stability and growth, according to a new report.

The Council of Independent Colleges (CIC), with support from the TIAA Institute, produced the report. The data comes from 14 years of benchmarking reports prepared for CIC members from 559 private colleges and universities, and it reveals that 88 percent of small private institutions maintained or improved their financial standing--an impressive accomplishment, considering the 14-year period includes the 2007-2009 recession.

Some institutions have experienced a roller coaster-like pattern of financial ups and downs, but most have shown significant...

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About the Author:

Laura Ascione

Laura Ascione is the Managing Editor, Content Services at eSchool Media. She is a graduate of the University of Maryland's prestigious Philip Merrill College of Journalism. When she isn't wrangling her two children, Laura enjoys running, photography, home improvement, and rooting for the Terps. Find Laura on Twitter: @eSN_Laura