Will Howard University be one of the first to fall?

As reported earlier on this Blog, Harvard Biz-School Wizard Clay Christensen has predicted that in 15 years 50% of all US universities will be in bankruptcy.  

http://www.youtube.com/watch?v=yUGn5ZdrDoU

An April 24th letter by the Vice-Chair of the Howard Board to her colleagues, just obtained and released by the Chronicle of Higher Ed, sounds the alarm.  She warns of the school's possible demise in merely three years.  Here's the letter:

http://chronicle.com/article/The-Document-Letter-to-the/139685/

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