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Tag: Ontario

Tracing Laurentian’s Path Part 4 –Questions, Alternatives and Lessons

So, on January 31 last year Laurentian went into the CCAA process, thus bringing forward hundreds of millions of dollars in debts, and over the course of the next three months tore itself apart in the name of reaching solvency.  100-odd faculty were fired and a few dozen programs shut.  It was all extremely grim.  The question is: was it necessary and were there alternatives? Working backwards from the moment of insolvency, one can ask what happened and ask counterfactuals.

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January 20, 2022 4 Comments

Tracing Laurentian’s Path Part 3 : 2020/21

Laurentian was the first public university in Canada to close its campus in reaction to COVID.  On March 11, after the first case was identified, the institution decided to move to teaching at a distance.  Almost immediately, the consequences of COVID came into view.  The university had anticipated going into the new fiscal year with a combined $40 million in net deficits, line of credit owing, and “internal borrowing”, and now it was $45 million, with projected losses (at the

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January 19, 2022 No Comments

Tracing Laurentian’s Path Part 2: External Shocks

Tracing Laurentian’s Path Part 2: External Shocks Broadly speaking, four external shocks contributed to Laurentian’s downfall.   First, the Barrie Campus and the costs associated with that experiment; second, the loss of 140 Saudi students in the summer of 2018 following the Canada-Saudi Twitter spat; third, the province’s decision to cut tuition by 10% in early 2019; and fourth, COVID.  I’ll add a fifth which was technically not a financial shock but certainly a waste of money.  Let’s go through each

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January 18, 2022 1 Comment

Lock-in

One of the most interesting topics in economic geography is “lock-in”:  that is, the tendency of a region to double-down on a particular set of industries/technologies.   Generally, the term is used in a negative fashion: that is, the doubling-down is done unwisely, when said industries and technologies are becoming uncompetitive and/or heading for obsolescence.  It’s easy enough to understand why regions do this: if they have specialized in a particular area, it’s because at one point they had a big

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November 16, 2021 2 Comments

Bring Back the Transparency Debate

In 1991, Maclean’s began publishing university rankings.  In doing so, it relied heavily on university co-operation: in particular, it required institutions to fill in a survey for various pieces of data on admissions, class sizes, etc.  Not all the questions were particularly well-defined and so there was a lot of data gaming.  Eventually, in 2006, the universities decided they were not going to play the game any more: they were going to get out of the rankings business and instead set up

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November 15, 2021 1 Comment

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One Thought to Start Your Day is our founder and CEO Alex Usher’s popular daily blog, brimming with up-to-the-minute insights and informed opinions on today’s higher education industry.

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