They are struggling, but my reading on this is that Laurentian had a special kind of stupid both running their finances and a board that probably knew what was happening but looked the other way, hoping it would all fix itself somehow. They had basically let the school go into an almost payday loan trap by 2010; using one years government grants to pay off their line of credit balance run up with the previous year's operating expenses, and they were stuck in that cycle through 2019, carefully managing it so that as long as nothing upset the balance they could pay off the principal, though not all the interest. Then something did upset the balance and it blew up spectacularly. I don't think (I hope) any other schools have gone that far off the deep end. What Laurentian was doing was way out of bounds, and would invite shareholder lawsuits at a private business. There's no way the Board didn't at least have an idea how their money problems always seemed to magically get resolved "somehow" each year, just in time.