Being in a state of financial exigency means a university's funding situation is so difficult that the viability of the entire institution is threatened. The status makes it easier for public colleges to shut down programs and lay off tenured faculty, but it also tarnishes the school's reputation, making it harder to recruit faculty and students.Can they do anything about it? Well, they're trying to see if they can raise fees and tuition again. So at least the disintegrating university will also be unaffordable. Nice going.
"You'll never get any more faculty," said Alexander, if LSU pursues financial exigency.
Alexander's comments came on the same day that Moody's announced it was downgrading LSU's credit outlook from positive to stable, based on concerns about the the university's ability to borrow money. A downgrade is LSU's credit rating will make it more expensive to borrow money for campus building projects.
Wednesday, April 22, 2015
They're doing great things in Baton Rouge, theses days.