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The bankruptcy of Laurentian University occurred nearly four months ago. How did this school in Sudbury, Ontario get into financial trouble?
But now finally speaking publicly, President Robert Haché blamed some of the blame on those before him.
He told students in a Zoom call last week: “In the past 10 or 15 years, many things have contributed to the development of the university.”
Lawrence’s reorganization under bankruptcy proceedings Allows it to keep running while dealing with financial conditions, but it has cut dozens of programs and personnel.
Laurentian served as president from 2009 to 2017 and Dominic Giroux, now dean of the Northern School of Health Sciences at Sudbury Hospital, did not say much about the university’s financial status.
But he transferred some blame back to Haché.
Giroud said: “I think Laurentian University and higher education institutions have undergone a lot of changes in the past four years.”
“There is no doubt that this is a sad situation. But I think this is the extent to which I can comment at the moment.”
Giroux also wrote to the provincial government and three former Laurentian board chairmen. He said that Saudi Arabia’s international student loss in 2018, the province’s tuition freeze in 2019, and the 2020 pandemic It was the sinking of the school’s finances.
Judith Woodsworth, who Laurentian served as principal from 2002 to 2008, said she was “shocked” when she heard that the university was “dismembered.”
But she knows how the budget of a higher education institution becomes a “trivial balance.” She said the board instructed her to increase her enrollment and income in Laurentian when she was first hired.
Woodsworth said: “I am not surprised.
“I want to think that I never lose money, I will never lose money, and I will not take on a lot of debt to build a house, but I will not blame the people who follow. I am either.
Going further, former university president Jean Watters remembered Laurentian’s “zero-base” budget during his tenure as president from 1998 to 2001, and how the board of directors squeezed expenses.
“Sometimes you have to make difficult decisions. What surprises me is that it has been allowed for so long.”
Ken Coates, Professor of Public Policy at the University of Saskatchewan, Campus secrets: 100 shocking things you don’t know about Canadian universities, He said that many small universities in Canada are facing similar financial difficulties.
“This happened at a certain university. It’s not surprising, but what surprised us is that it’s happening now in Lawrence, just because we don’t understand the background and you don’t know how the funding changes between different budgets actually are. It’s going on,” he said.
Coates is not surprised that Laurentian is snobbish about the exact cause of the $90 million debt.
“In a sense, if I were the president of Laurentian, I would spend a whole day desperately to keep the university running stably, to move it in the right direction, and to re-establish the right direction. I am not surprised by the confidence of the agency. It is difficult to do this during the autopsy,” he said.
“As far as the situation is concerned, this is bad enough. If you are not careful, the situation may get worse. It should take time for the university to move on. Don’t blame it. There will be time.”
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