I told you so. In a Ted Talk almost two years ago I told you so. I said that while too much student debt is bad for students, it may be worse for colleges. Events in 2015 are starting to prove me right. Ordinarily I wouldn't be a scold but there still remains a huge misunderstanding of what is happening.
There was an utter and systematic failure of leadership that had all but destroyed the structural integrity of the organization. The only things that kept the school from completely losing its accreditation were the academic programs. Somehow the faculty had continued to show up and bring their best to students in spite of the decline.