I know the university I'm at has been holding the line in my college as long as it could, and its finances are screaming. And it's done a great deal of trimming along the way.

Purdue also has a $2.443 billion endowment. The university I'm discussing is a public university with maybe a sixth of that after a major capital campaign.

But what actually happened? It's state allotment got slashed in half, capital improvements are no longer covered, and the per-capita payment per student has stalled while we've admitted more students.