Higher expenses after a $2.78 billion agreement on student athlete payments pose a credit risk for smaller colleges, which already face rising competition from larger, cheaper institutions.Guests: Patrick Ronk, AVP-Analyst - Moody’s Ratings; Nicole Serrano, VP-Sr Credit Officer ­- Moody’s RatingsHost: Nick Samuels, Senior Vice President, Moody’s RatingsRelated content on Moodys.com (may only be available to registered users and subscribers):Higher Education – US: Settlement in NCAA antitrust cases leads to colleges paying athletes, a credit negativePrivate Colleges and Universities – US: Small institutions in Northeast and Midwest face credit stress as enrollment declines 

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