Posted on 04/24/2015 1:41:36 PM PDT by SeekAndFind
Proving it's not only small, private, liberal-arts colleges that are susceptible to financial distress, Louisiana State University (LSU) announced that it's in the midst of drawing up a financial exigency plan.
Bloomberg News, which reported the development, called the plan "equivalent to a college bankruptcy" and noted that it would let LSU fire tenured faculty and restructure its finances.
The Baton Rouge-based university with over 30,000 students is drafting the plan, in part, because the most recently proposed budgetary cuts by Louisiana Governor Bobby Jindal threaten to severely impact the higher-education system in the state. The governor's plans would cut the budgets for Louisiana's colleges and universities to the tune of 82%, according to Bloomberg.
The president and chancellor of LSU, F. King Alexander, stressed the bankruptcy plan was essential since there has been little movement in the state's legislature to make updates to the budget.
"We don't say that to scare people," Alexander was quoted as saying in The Times-Picayune. "Basically, it is how we are going to survive."
(Excerpt) Read more at businessinsider.com ...
Hillsdale is a small farm community. You won’t find any police cars overturned after winning or losing a football game. No slutwalks. No gay pride parades. No anti war protests. No bad sculpture celebrating pedophiles, socialists or other social deviants. No protests over Ted Cruz or Michelle Malkin speaking there.
sounds like heaven.
Hillsdale is a small farm community. You won’t find any police cars overturned after winning or losing a football game. No slutwalks. No gay pride parades. No anti war protests. No bad sculpture celebrating pedophiles, socialists or other social deviants. No protests over Ted Cruz or Michelle Malkin speaking there.
But, is there a free speech zone? How do they deal with micro-aggression and Chick-Filet?
No Chick-Filet in Hillsdale that I am aware of but there are other businesses.
Good idea. Then maybe the students would start to receive real education. Cut all the administrative costs.
It would be an 82% cut in state aid to LSU.
Good schools like Christendom College are busting at the seams.
Yep. Hillsdale college is doing well enough that they’re offering free online courses on the constitution and federalist papers that are every bit as good as their paying students are getting. You don’t get a degree but you do get the quality learning.
I actually visited Hillsdale once for a very enjoyable but politically incorrect evening.
“Black by Popular Demand” Walter Williams spoke there back around 2001/2001 and I got to see and listen to him. Very good stuff.
By my sarcastic post, you may infer that I’m sick of the jihad going on our college campi. It’s like reading Ayn Rand’s “We the Living”. Deadly consequences if we don’t stop it.
Our local state university is going bankrupt and fighting every change the state proposes. Sadly the staff does not realize that it is competing with higher prestige on line schools. It just want the state to give give give funds.
The difference between the two being overpaid tenured “sacred cow” professors in the state colleges.....hence massive gov’t bailout along with huge tuition increases...... gotta keep the cows in hay don’t ya know?
Maybe UConn can get into the SEC :-)
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