[*Inside Higher Ed*](https://www.insidehighered.com/quicktakes/2019/12/11/ratings-agencies-post-mixed-outlooks-higher-education) on the latest [U.S. higher ed ratings reports](https://www.insidehighered.com/quicktakes/2019/12/11/ratings-agencies-post-mixed-outlooks-higher-education) from Moody's and Fitch:
> A small handful of wealthy colleges and universities are in a much stronger financial position than their peers. Just 10 universities hold about half of the wealth at all the private universities Moody’s rates. Public universities aren’t as well-off on the whole but still exhibit a substantial wealth divide, with comprehensive public universities holding about 90 percent of total cash and investments in the public university sector.
So the U.S. university system looks a lot the society itself.