I know a some people who graduated from Tulsa. I developed a fondness for that U over time. This is a sad story about its demise. The closing of universities has long been predicted. Unfortunately, the predictions are coming true.

A Harvard Business School professor recently predicted that up to half of all American colleges and universities will go bankrupt in the next ten to 15 years. While this may be a worst-case scenario, universities have for years been offering an increasingly inferior product at unsustainably high prices to an ever-more skeptical group of prospective students.