TORONTO -- Laurentian University in Sudbury is in the midst of a financial crisis and has slashed programs, laid off staff and told some students they have to leave. Some families feel the school has failed students and that they should be compensated for lost scholarships, housing costs and other expenses. “I'm in a four-year actuarial science program in the second year. They completely cut it and advised me to transfer schools" said Peter Parsons, from New Lowell, east of Barrie. The school cut 39 per cent of its programs and told students like Parsons he had to leave. The announcement came as a shock to the Parsons family as Peter’s mother Tracy said her son lost scholarships and had already signed leases for housing for the year ahead.