Has there been any bankrupt famous university in recent history?
Jan Meriss Alfonso Assistant at Ascent Law LLC Universities filing for bankruptcy It is a sad state of affairs when a university, an institution devoted to the acquisition of knowledge, goes bankrupt. However, it is not impossible. Between 2005 and 2012, at least 13 universities filed for bankruptcy in the United States. Prestigious universities It's no secret that some of the most prestigious universities in the United States are facing financial problems. The amount of student debt that students are faced with upon graduation is rising, and the college financial aid system is in a state of flux. This can all be traced to the fact that most of these schools were founded several hundred years ago when education was not nearly as expensive as it is today. Struggling with finances In addition, many of these universities have an endowment larger than the GDP of a developing country, and yet tuition continues to increase for both in-state and out-of-state students alike. The followin...