Quote:
Originally Posted by HeyJude514
"Louisiana's flagship university began putting together the paperwork for declaring financial exigency this week when the Legislature appeared to make little progress on finding a state budget solution, according to F. King Alexander, president and chancellor of LSU. 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."
LSU drafting 'academic bankruptcy' plan in response to state budget crisis | NOLA.com
"The state budget has gone from a nearly $1 billion budget surplus in 2007-08 to a projected $1.6 billion shortfall for the budget year that begins July 1. Jindal, who long ago took a pledge never to raise taxes, has cut higher education and resorted to unsustainable one-time remedies such as draining reserve funds and selling state assets."
Big tax cuts come back to bite states: Our view
Higher education faces an 82 percent cut in state funding in Louisiana due to Bobby Jindal's insane allegiance to Grover Norquist. The Louisiana governor is certainly doing his part to assure that the GOP--and everyone in Louisiana--remains part of "the stupid party."
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really..you want to blame the GOP???
Ratings for LSU credit outlook lowered from positive to stable | State | The New Orleans Advocate — New Orleans, Louisiana
Moody’s Investors Service has lowered
LSU’s credit outlook from positive to stable
“Years of slashing state funding for our public colleges and universities
and raising tuition, which puts college out of reach for many of Louisiana’s kids, are catching up with us. We need to stabilize funding for higher education.â€
According to Moody’s, the revision “reflects limited prospects for sustained revenue growth due to potential reductions in state operating funding, tight state control of
tuition pricing and pricing sensitivity limiting out-of-state enrollment revenue growth.â€
LSU borrows money for building projects. Moody’s assigned an A1 rating to $131 million in Auxiliary Revenue and Refunding Bonds, Series 2015, for student housing facility improvements.
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WHAT COULD MAKE THE RATING GO UP
• Enhanced autonomy from state to control tuition price setting and benefit administration
• Improved operating surpluses leading to material and sustained growth in flexible reserves given thin liquidity
WHAT COULD MAKE THE RATING GO DOWN
• Decline in the state's credit profile or adverse changes to the state student grant program
• Deterioration of operating performance arising from enrollment, operating expenses, or state support pressures
• Material increase in leverage due to borrowing beyond expectations or use of financial reserves
• Substantial decline in liquidity cushion
https://www.moodys.com/research/Mood...m_medium=email
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LSU explores academic bankruptcy
despite increasing SEC football related revenue
The topic of drastic cost cutting measures on the academic side
while salaries increase on the athletic side is always a controversial topic.
The bottom line is that the
trend of top-tier college athletics generating increasing amounts of revenues while college academic funding continues to be a challenge is likely to continue.
Interestingly,
it’s not uncommon for university officials and administrators to double down on the athletic side of the equation while academic programs are cut. It can be justified when you consider the LSU football team playing a nationally televised game on Saturday night to be the best form of advertising that the university can present. This advertising, many hope, will help keep the students coming and the government backed student loan payments flowing.
This won’t be the last time we hear of
a college football powerhouse university having financial difficulties
LSU explores academic bankruptcy despite increasing SEC football related revenue
hmmm...so its not about GOP policies
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LSU hit with NCAA sanctions over recruiting violations involving Alabama signee
LSU is banned from signing early enrollees to financial aid agreements for the next two years, and has lost 10 percent of its recruiting evaluation days in 2015.
The inability to sign players to financial aid agreements for two years is a big blow to LSU. It has been an increasingly valuable tool as more and more recruits decide to forgo the second-half of their senior year and enroll early in college.
LSU hit with NCAA sanctions over recruiting violations involving Alabama signee | AL.com
let me guess...blame the GOP for that too
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