A failed experiment?

A view of Olin College. The dormitories are to the right; the Oval is straight ahead. (Photo credit: Wikipedia)

Olin College, the cutting edge engineering school in New England, is reportedly bleeding tens of millions in red ink.
http://necir.org/2014/05/27/acclaimed-olin-college-bleeds-red-ink-in-microcosm-of-college-cost-problem/

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