So my college is currently in 4 million dollars of debt. I’ve tried finding out how that is even possible for them considering they are land grant university, however they are also an hbcu. Were they misappropriating funds? If they were how are misappropriated funds usually used and what are the consequences of it for colleges?
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it seems like a small amount of debt for a major college. Let’s say they charge $50,000 per student, and 80 students less than expected applied they’d be short of 4 million dollars. of course they probably didn’t project breaking even but if they were expecting more students than actually applied they will be short money
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