drunk posting strikes again.
I just started looking into the finances of ULL. As DFM and Paw stated, it is a bit eye opening. I will spend more time researching - but first indication is that the financial condition of UL is highly concerning.
We really need our own system and breakaway from all the lose cannons in the UL system. When you don’t play by the same rules, you generally lose. Although in this case, UL-L may be in such a fiscal predicament that they may be their own worst enemy right now.
We all know people who mismanage their household finances. They have all the fancy toys, like a $70,000 pick-em-up truck, ATVs, jet skis, etc...and debt up to their ears! They have no savings/investments to speak of and are at extreme risk of a financial collapse at any moment. They then point at a neighbor, who is frugal, little debt, has solid savings/investments, and drives a 2012 pick-up truck that is paid for, and the big spenders boast "separation, baby!"
Yep! fools and their money are soon separated.
History has shown, if you give Cousin Eddie enough rope, he'll eventually hang himself.
Does the UL board monitor universities in the system for fiscal negligence?
On paper yes. But for a fee, the Board members (and the elected officials who appoint them) can be convinced that everything is just fine.
Think of it as a "subscription" service. For a small recurring charge, you can access whatever public resources you want -- without further questions! Basically Cajun Netflix.
Inquiring minds want to know details. Loving this thread!
WWDog
La Tech
Region and hyphen free since 1894!
Flagship of the University of Louisiana System