For years, West Virginia University, a state flagship, poured money into gleaming new research facilities and dormitories to attract new students. It had to borrow money to do so. The university now faces a huge deficit and major cuts. It's a problem facing many major public universities, as WSJ’s Melissa Korn explains. 

Further Reading:

-West Virginia University Banked on Growth. It Backfired. 

-Colleges Urged to Produce Better Information on How They Spend Money 

-Colleges Spend Like There’s No Tomorrow. ‘These Places Are Just Devouring Money.’ 

Further Listening:

-Wesleyan’s President on Admissions Post-Affirmative Action 

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