This kind of thing will happen more and more often, but faculty won’t speak openly because — beneath all the brilliance, dedication, care, optimism, and caution — they’re complicit. In due time they’ll start grabbing the mic and shouting about how they saw it all coming, how they opposed it, etc, etc. Make a mental note about how many faculty you know who’ve risked their careers, as of mid-2016, by taking a public stance against America’s system of indentured servitude. For the record: when a school goes bust, its alumni/ae’s debt should be discharged. That’d be one small step toward reintroducing risk into the lending side of higher ed, and that risk is the first step toward reining in the rising costs.