Still open: waiting on events (Next 5-10 years).
P305
Many American universities will go bankrupt over the next 5-10 years due to administrative bloat and administrators stealing from their institutions.
What Jiang said
“So, I point this out because this is what's going to happen to many universities over the next 5 10 years in America... more and more universities are going bankrupt because obviously you have too many managers, and all they do is um get huge paychecks for doing nothing, eventually you're going to go bankrupt”
Analysis
Administrators at universities form self-protective networks, pay themselves excessive salaries, expense personal costs to universities, and lend money to their institutions then collect during bankruptcy. This will cause many universities to fail.
Status history
- 2026-05-25 · Pending (glm)