Laurentian University has filed for creditor protection amid what its president calls “unprecedented financial challenges.”
Laurentian’s financial health “is currently amongst the weakest in the province compared to other universities,” Robert Haché, president and vice-chancellor of the Sudbury, Ont.-based school, said in a statement on Monday
“Despite our best efforts over the last year, Laurentian is insolvent.”
I can’t say I’m familiar with Laurentian. What sort of degree programs did they offer? Was it a self-inflicted wound? High administration fees mainly comprised of bureaucratic bloat, impossibly generous salary, retirement and benefit programs have doomed many US colleges. How many useless diversity poobahs does Laurentian have? Has it occurred to anyone that some institutions of alleged “higher learning” deserve to wither and die?
