A Saturday NY Times article reported that Tulane University is refusing to refund Fall semester tuition payments saying they need the money to pay faculty salaries and help with hurricane recovery.
As a result, the parents of Tulane students may be stuck paying two tuitions: one for the out-of-the-state school their kid is now attending and one for good ol’ T.U. I’ve seen some bad executive decisions over the years, but Tulane’s move is right up there. I cannot believe the university doesn’t have enough money set aside to cover a short-term financial crisis. If they don’t, then there’s some financial chicanery going on. If they do, then they should think about the reputation and goodwill damage they’re wreaking by making parents fork over $20k for education their kids won’t be receiving. I think this calls for a failing grade in RepMan’s Image 101 class and at least a week’s worth of detention for the university president.