Louisiana State University drafting bankruptcy plans thanks to Bobby Jindal and friends [View all]

[Elwood P Dowd]

who have pretty much wrecked that state's education system. Higher education in the state is in disaster mode. While this is happening, Jindal Bells is traveling around the country wasting the state's money running for President.

http://www.nola.com/politics/index.ssf/2015/04/lsu_academic_bankruptcy.html

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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.

"You'll never get any more faculty," said Alexander, if LSU pursues financial exigency.

The Louisiana Legislature is closing out its meetings this week without having made much progress in finding more funding for universities, colleges and others. Louisiana's higher education community is facing an 82 percent funding cut if no extra state money is found.

The change would bring state funding for LSU from around $3,500 per undergraduate student to $660 per undergraduate student next year.

"States around the country spend more than that on their community colleges," Alexander said.

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