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Sun Apr 26, 2015, 02:13 PM

Amid Funding Cuts, Will LSU Have to Declare 'Bankruptcy'?

For LSU, a good offense has always proved to be the best defense. But now the school that hosts the nationally ranked Tigers is facing a foe that makes the Crimson Tide seem weak: budget cuts.

Louisiana's public colleges are hoping for the best but preparing for the worst as they face a drop in state funding of up to 82 percent. As the state legislature fails to make headway covering a $608 million shortfall in higher education spending, its public colleges are bracing for the prospect of budget cuts so deep some institutions — including the state's biggest public flagship — might have to declare financial exigency. That's college funding-speak for something akin to bankruptcy.

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The potential threat to Louisiana's public colleges is unprecedented, said Jordan Kurland, associate general secretary of the National American Association of University Professors.

"I don't know if anything that drastic has occurred anywhere in modern times or perhaps ever," he said. "It's hard to know what cuts of that magnitude will amount to."

http://www.nbcnews.com/business/economy/amid-funding-cuts-will-lsu-have-declare-bankruptcy-n347951

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Reply Amid Funding Cuts, Will LSU Have to Declare 'Bankruptcy'? (Original post)
Let it go Apr 2015 OP
rampartb Apr 2015 #1
Muddling Through Apr 2015 #2
rampartb Apr 2015 #4
Muddling Through Apr 2015 #5
Argentina Apr 2015 #3

Response to Let it go (Original post)

Sun Apr 26, 2015, 02:28 PM

1. what is the neoliberal plan for our great public universities?

jindal, himself overeducated by gop standards, seems to want a system of trade schools.

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Response to rampartb (Reply #1)

Sun Apr 26, 2015, 02:34 PM

2. Trade schools have a place in the post K-12 system.

Too many graduates have been sold a bill of goods that a college degree is the only way to have a fulfilling career. Many skilled tradespeople find fulfillment as electricians, plumbers, carpenters, HVAC technicians, etc. Students graduating with various ********** Studies degrees that cannot find employment outside the service sector are struggling with massive debt loads because of this.

The GOP is not biased against education; the party simply acknowledges that there are many paths to success.

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Response to Muddling Through (Reply #2)

Sun Apr 26, 2015, 02:39 PM

4. i have no problem with trade schools

but our doctors, lawyers, teachers, scientists, and engineers, need a broad based liberal education.

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Response to rampartb (Reply #4)

Sun Apr 26, 2015, 02:46 PM

5. Yes, they do.

They also need people to repair their vehicles, plumbing, a/c systems etc. The problem with some of the degree programs offered at the public universities is that the schools have no skin in the game if the student later defaults on their loans. The easy availability of student loans for any course of study incentivizes the universities to offer "junk degrees" with little employment options upon graduation. Even law schools are facing problems with their graduates finding employment; several schools have been caught "hiring" graduates as unpaid interns to crank up their employment numbers for their graduating classes.

The public higher education system has been kicking this can down the road for a number of years by off setting the real cost of the degree with loans, grants and lottery funded scholarships. When enough people owe money they simply cannot pay back due to a lack of employment the default will mirror, if not exceed that of the housing market crash.

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Response to Let it go (Original post)

Sun Apr 26, 2015, 02:35 PM

3. Republican governors want their citizens to be stupid. We're seeing this under Jindal and also under

Walker in Wisconsin. Because if citizens are stupid there's more of a chance that they'll vote Republican.

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